Cryptocurrency News

Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’

05/27/2022

Less than a minute

2022.05.27 08:50

Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’

American graphics card manufacturer Nvidia’s stock price tumbled in after-hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations.

Quarterly growth from Q4 2021 to Q1 2022 was strong, with an 8% increase in revenue to $8.98 billion and a 3% increase in earnings per share to $1.36. It also stated it would continue a $15 billion share buyback program through the end of 2023, according to the filing to the United States Securities and Exchange Commission (SEC).

05/27/2022

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