Nvidia: Q4 was "extraordinary, unusually turbulent, disappointing' quarter
"Q4 was an extraordinary, unusually turbulent, and disappointing quarter," said Jensen Huang, founder and CEO of NVIDIA. "Looking forward, we are confident in our strategies and growth drivers. "The foundation of our business is strong and more evident than ever - the accelerated computing model NVIDIA pioneered is the best path forward to serve the world's insatiable computing needs. The markets we are creating - gaming, design, HPC, AI and autonomous vehicles - are important, growing and will be very large. We have excellent strategic positions in all of them," he said. NVIDIA expects its GAAP and non-GAAP gross margin to be impacted by approximately $120M in charges for excess DRAM and other components associated with the updated revenue guidance and current market conditions.