Nvidia’s GPU Market Demand to Drop by Over $10 Billion

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Nvidia($NASDAQ:NVDA)’sGPU Market Demand to Drop by Over $10 Billion Almost all of Nvidia’s revenues come from GPUs. This is a huge blow to the company, and it will likely affect their market and earnings in the long term. The drop in demand is due to a number of factors, including the rise of cryptocurrency mining, which has caused a decrease in demand for gaming GPUs.

Price History

On Tuesday, NVIDIA stock opened at $169.9 and closed at $171.8, up by 0.9% from previous closing price of 170.3. This is due to a variety of factors, including the increasing competition from AMD, the recent crypto-currency crash, and the general slowdown of the PC market. While NVIDIA may still be the dominant player in the GPU market, it is clear that their position is not as strong as it once was.

VI Analysis

Companies with strong fundamentals tend to have a high potential for long-term growth. The VI app makes it easy to see the key fundamentals of a company and how they reflect its potential. Based on the VI Star Chart, NVIDIA is strong in asset, dividend, growth, and profitability. NVIDIA is classified as a “gorilla” company, which is a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. High growth companies are deemed more risky as they attempt to grow faster. However, NVIDIA has a high health score of 8/10 with regard to its cash flows and debt, which indicates that it is capable of safely riding out any crisis without the risk of bankruptcy.

Summary

Nvidia is a technology company that designs and manufactures computer graphics processors. The company’s products are used in gaming, professional visualization, and automotive applications. Despite the challenges posed by the pandemic, Nvidia remains a strong company with a strong product portfolio. The company is well-positioned to weather the storm and emerge even stronger on the other side.