4 ms·

They still make about 9 Billion a year...I think CUDA/CUDANN is probably one of their highest "money making" product. Seriously locks down so many applications

• adventured 8y ago
  $12.4 billion in sales the last four quarters, $4.5 billion in operating income. Their business situation is fine, entirely without the crypto market. Intel saw little growth for many years, while generating immense profit, and while the multiple that investors were willing to give them compressed. Intel will soon have a 10-12 PE ratio. The entire semiconductor industry saw a dumping in the stock market, blamed on an industry down cycle. Micron is trading for three times earnings as another example. nVidia was up at ~43 times earnings before the drop, very rich for the industry. Now they're down closer to ~22, which is a lot closer to fair value based on their reduced growth expectations. The issue that the article entirely ignores, is valuation compression with a stock market that decided to dump some rich multiple stocks (Netflix is down ~35%) and particularly semiconductor stocks. That's how you lose half your valuation in a few months.