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Nvidia Stock had some big news today – so is NVDA Stock still a Buy in 2019? Is it time to buy Nvidia Stock in 2019? Let’s do a Nvidia Stock Analysis to find out! It was about 2 months ago that NVDA came out with their Q3 2018 earnings where they lowered their guidance due to weak outlook in Q4. This was a drastic revision, as they dropped the guidance in revenue from $3.4B to $2.7B – a 20% dropped and they also stated that this could fluctuate 2% or so, depending on market conditions. This of course caused the stock dip to lows we haven’t seen in a while, and brought it down to the $120’s.
Well this morning, NVDA CEO came out and lowered guidance AGAIN – this time lowering it to $2.20B! This makes it another 18.5% dip from the revised $2.7B number, much more than the 2% they were predicting. And of course, when looking at the original number of $3.4B, this makes it a 35% reduction! Now it’s all starting to make sense why NVDA dropped so significantly at the tail end of 2018 here and in 2019 as well.
But does this mean NVDA stock is now oversold after this crash? Is it time to buy? Watch the video to find out my thoughts on this.
#NVDA #Nvidia #StockMarket #Investing #Stocks
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Disclaimer: The views & information in these videos is strictly for educational purposes only. I will not be held liable for your gains or losses incurred from the stock market.
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