NVIDIA Expects That Sales To China And Country Groups D1, D4, And D5 Groups Will Decline Significantly In The Fourth Quarter Of Fiscal 2024
Portfolio Pulse from Benzinga Newsdesk
NVIDIA anticipates a significant decline in sales to China and country groups D1, D4, and D5 in the fourth quarter of fiscal 2024, as reported by Reuters.
November 21, 2023 | 9:25 pm
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NVIDIA expects a substantial decrease in sales to China and country groups D1, D4, and D5 in Q4 FY2024, which could negatively impact revenue and earnings.
The expected decline in sales to China and other significant country groups directly affects NVIDIA's revenue streams. Given China's role as a major market for technology products, a sales drop there could have a substantial impact on NVIDIA's financial performance. This news is likely to concern investors and could lead to a negative short-term reaction in the stock price.
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IMPORTANCE 90
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