Supply chain production is blocked? Nvidia cut its outlook by $100 million.
By Birch Toole 2020-02-18 1878 11
A few days ago, Nvidia announced its withdrawal from the MWC 2020 conference in Barcelona because the company wanted to ensure the safety of all its employees. Although the announcement of withdrawal from MWC 2020 can effectively ensure the safety of the company's personnel, Nvidia faces more than that. As we all know, with the development of the epidemic, production in many areas, including China, has suffered difficulties, and many enterprises have not been able to put into production according to the original plan. This makes the upstream manufacturer of smart device parts, Nvidia, very worried, although production can be carried out normally in other regions, but the production business in China can not be carried out normally.
In addition, Nvidia was hit hard by a collective fall in u.s. chip stocks earlier on due to other reasons, with its share price falling by 18%, which caused Nvidia to lose a lot of money. Although Nvidia recently announced the launch of its cloud gaming service GeForce Now, to join the competition in cloud gaming, supporting hundreds of games from more than 50 publishers, it is not well-known yet. The addition of new business may boost Nvidia's revenue, but no one can guarantee that.
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