Stock Groups

Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’ -Breaking


Nvidia shares plummet after Q1 results, and crypto mining card revenues are ‘nominal.

American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations.

Quartly, the growth in Q4 2021 and Q1 2022 were strong. Revenue grew by 8% to $8.98Billion while earnings per share climbed to $1.36. In addition, the company stated that it would maintain a $15 billion share purchase program up to 2023. FilingThe Securities and Exchange Commission (SEC)