NVIDIA has been experiencing such intense demand for their products they are being hard pressed to manufacture enough parts. While this is usually nothing but good news, it did cause share prices to drop by 2% in extended trade.
Considering that the company surpassed Wall Street estimates last quarter without breaking a sweat, 2% isn’t worth getting excited about.
“The Santa Clara, California-based company cited a broadening use of graphics processor intense computer programs, such as video and photo editing software, video games and three-dimensional maps, used by consumers.
Sales of Nvidia's desktop graphics processors rose 37 percent from a year ago, while sales of notebook graphics processors surged 129 percent.”
NVIDIA’s stock has increased in value by 23% since the year began.