Moreover, the EPS shrank 72% to $0.26 only, one of the worst performances in the last four quarters. It reported a revenue of $6.7 billion, well below the previous guidance of $8.1 billion. Poor second quarter results – Nvidia reported Q2 (quarter ended July 31, 2022) on August 24, 2022, and the results were disappointing for sure.It also expanded its partnership with the Broad Institute to help biomedical researchers by providing better tools based on AI to improve analyzing data on the Terra Cloud Platform Nvidia expanded its partnership with Booz Allen Hamilton and The Broad Institute: Nvidia announced the expansion of its partnership with Booz Allen Hamilton to provide customers with AI-enabled Cyber security.Through this alliance, Delloite professionals using Nvidia platforms can help enterprises to build and use various AI services.
Nvidia and Delloite expansion of their partnership: Nvidia and Delloite are expanding their partnership to provide hybrid-cloud services to their clients based on Nvidia AI and Nvidia Omniverse.restrictions on chip exports to China are expected to affect Nvidia’s sales by 5% to 10%, but Nvidia commented that these rules would have no material effect on its business. Restrictions on China chip exports: The U.S.NVIDIA Stock Forecast 2022: Buy, Sell or Hold?ĭisappointing results could spell trouble for NVIDIA.
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