The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms Quadro/NVIDIA RTX GPUs for enterprise workstation graphics vGPU software for cloud-based visual and virtual computing automotive platforms for infotainment systems and Omniverse software for building 3D designs and virtual worlds. Any movement was just a consequence of the hype surrounding earnings and in hindsight, the good idea to dump everything cuz the market is shit.NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally.
All except for 2% as of now, this drop basically voids the 9% increase and everything that was “priced in” has now just been “priced out.” So the result is that net price of NVDA didn’t actually change and the stock wasn’t really impacted by the earnings report at all. In my opinion, I do believe it’s ok to call this NVDA earnings play an actual pump and dump, because the day after earnings (today), the stock drops 7% (and it could go down more). Then, there was a massive sell off after hours despite positive earnings results because of negative market pressure from Russia, inflation, and NVDA's shitty performance against this current market in general.
This is the time when I shouldn’t have been greedy and I should’ve sold for 63% profit. NVDA bag holder here: it was basically an overglorified pump and dump, where everyone knew that NVDA would do well on earnings, so it was priced in the 9% increase 2 days prior to earnings.
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