Nvidia also blamed macro issues for the decline in data centre revenues as it said several potential deals did not close due to caution from customers over economic uncertainty. According to the company, the gaming market was also hurt by the macro issues facing the Chinese economy, which is a prime region for gaming. However, sales of the new cards have lagged expectations due to a lack of games that support the technology and higher retail prices for the high-end equipment.

Nvidia recently released a new generation of gaming cards incorporating ray-tracing technology to make games more realistic. The Nvidia Q4 2019 earnings showed losses in revenue across all of the companies markets with their largest market, gaming, taking the biggest hit in revenues down 46% over the previous quarter. Primary Factors in the Nvidia Q4 2019 Earnings With Nvidia stock closing at $154.53 today but up to $163.00 in after-hours trading as of the time of publishing, the company’s stock appears to have weathered the storm of their poor quarterly results. Some analysts cut their price target for the company based on the company guidance provided in January but with the company slightly beating expectations price targets are likely to creep slightly higher over the short term. Revenues for the chip maker were down almost 31% over the previous quarter and 24% year over year.

Nvda earnings date 2019