https://www.cnbc.com/2019/01/28/nvidia-shares-tank-after-chipmaker-cuts-guidance.html
So Apple, Intel, and Nvidia all have lowered revenue expectations and cited China as a main source of lowered revenue. AMD reports earnings tomorrow, it will be interesting to see where they end up in terms of revenue guidance and the 'China problem' as well.
The company lowered its revenue guidance for the fourth quarter citing "deteriorating macroeconomic conditions, particularly in China."
Nvidia reports earnings on Feb. 14, and now expects quarterly revenue of $2.20 billion, down from previously stated guidance of $2.70 billion. The company also said quarterly margin will be impacted by charges related to "current market conditions."
In addition, sales of certain high-end GPUs using NVIDIA's new Turing™ architecture were lower than expected.
So Apple, Intel, and Nvidia all have lowered revenue expectations and cited China as a main source of lowered revenue. AMD reports earnings tomorrow, it will be interesting to see where they end up in terms of revenue guidance and the 'China problem' as well.