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Nvidia Stops Issuing Full-Year Guidance: How Worried Should Investors Be?

Video Credit: The Street - Duration: 00:47s - Published < > Embed
Nvidia Stops Issuing Full-Year Guidance: How Worried Should Investors Be?

Nvidia Stops Issuing Full-Year Guidance: How Worried Should Investors Be?

Nvidia shares were rising a robust 7% or more in after-hours trading on Thursday after the company released April quarter results that beat estimates.

But then came the news on its earnings call from CFO Collette Kress that the chipmaker would no longer be providing yearly guidance, only quarterly numbers, on the grounds that "visibility remains low." This immediately raised a red flag for investors, and gains moderated to just about 1% to 2%.

What was behind the decision to offer less information, which markets never appreciate, and how worried should investors be about the move?

Eric Jhonsa, The Street and Real Money's tech columnist, said the answer has to do with the all-important ordering patterns of the U.S. and Chinese tech giants that are the main customers for its data center chips.

To hear more about Jhonsa's take on Nvidia's earnings and what they mean for other chipmakers, as well as the thoughts of Action Alerts Plus analyst Zev Fima, listen to the full podcast below: What Investors Need to Know about Nvidia for the Rest of 2019 How Nvidia Is Rebuilding Investor Trust Nvidia Is Building the Future.

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