May 26,2019

Nvidia Isn’t Offering Guidance for the Full Fiscal Year

After Nvidia shares rallied Wednesday on the company’s upbeat first-quarter results, the chip giant followed rival Intel’s lead by painting a hazy picture of the data center market.

The fuzziness apparently was so bad, the company opted not to offer a full-year guidance, even as CEO Jensen Huang declared that the spending “pause” that has hit other chip-makers “will pass.”

Nvidia’s stock, which jumped after the report, slid as Huang and CFO Colette Kress offered more color on the quarter. The stock was still up about 1% after-hours, after popping more than 5% in the immediate aftermath of the report.

Read the full article here.

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