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No the uptrend is not just in the past, it's still continuing today. Just in the past year went too euphoric. We need to be able to distinguish between the 2 t
by KaoruAoiShiho 8y ago
No the uptrend is not just in the past, it's still continuing today. Just in the past year went too euphoric.
We need to be able to distinguish between the 2 tailwinds. AI and crypto. Crypto turned out to be more of a factor than analysts anticipated, leading to the huge runup and then fall. Consider that done and dusted.
However the AI story is consistent and strong. Now that the stock price has come back down to earth we're still looking at amazing returns, there's nothing to be displeased with here.
The Q/Q performance is not concerning because of the product cycles. Every generational change there was a big drop in sales of the previous generation. Look at the first quarter of Pascal and first quarter of Maxwell's introduction and you'll see the same pattern. A flat quarter is actually an amazing improvement over the straight up declines of the previous generations.
Major growth will return soon as new products get ramped.