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And with a little bit of tailwind, I think we could have a fairly good year. We don't think it's going to remain this way. "Well, in the short term, in the near term, we have relatively limited visibility. What CEO Jensen Huang said on the earnings call on Thursday did not instill much comfort for the rest of the year. 12, days before earnings that saw a drop of 19%, we called out "Earnings Report Risk."Īs you know from my work, I care about the earnings model, growth rates, and what the company has to say to make it all make sense. We had downgraded Nvidia from Strong Buy to Neutral in September 2018 at 275 to subscribers ( paywall). The back half is a little bit of a dice roll. What bothered us about the call is that the guide appeared to be based more on hope than anything.
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They guided below the Street again for Q1. Nvidia ( NASDAQ: NVDA) reported earnings on Thursday after having negatively pre-announced.
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