Cryptocurrency News

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

05/26/2022

Less than a minute

2022.05.26 08:16

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 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 Securities and Exchange Commission (SEC).

05/26/2022

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