The Core Market Has Suffered Setbacks, And Yingweida Is Being Clouded By Haze.

According to CNBC, Bernstein analyst Stacy Rasgon released a report that reduced Nvidia's rating from being better than the market to being in line with market performance. The target price also dropped from $250 to $175.

Rasgon said that Nvidia chips were weak in the game market and data centers, sales of its new high-end game chips were lower than expected, and few games used such functions as ray tracing. The sales of Nvidia graphics cards have also suffered a setback when the price of encrypted currencies fell sharply and mining faded, but this time it seems that the company's core market, games and data centers, has been hit.

On January 28, Invida admitted that the overall environment was deteriorating, especially in China, and announced that it would cut revenue to $2.2 billion in the fourth quarter of this fiscal year, far below the market expectation of $2.7 billion at that time. The Rasgon report also pointed out that Nvidia's downward outlook seemed to be driven by demand, and the company's actual performance in the game business was still unclear. Risks may also continue to increase, such as the recent deteriorating cloud spending environment.