It wasn't a month ago they were calling for a FLAT Tegra forecast...
Jen was forecasting a FLAT sales for Tegra until 2013. Why do you think this stock didn't take off after "the great" earnings report?
You can buy in to Jen's "new speech" hype if you want, but in the end you are going to be major disappointed.
Nothing has changed, only Jen's desperate rhetoric.
The article below is from Aug 12th, less than a month ago! Suddenly Tegra is gonna be great in a few months?? Think people... buy the hype if you want.. you've done it in the past and now look at you, sitting on 13 dollar shares instead hoping it'll get back to your buy in price so at least you'll be breaking even.
"Investors just assumed the product was going to ramp of its own accord. In fact, Nvidia is really beholden to its (manufacturing) customers," said MKM Partners analyst Daniel Berenbaum. "Management has not been particularly helpful in providing realistic revenue ramp plans."
"The chipmaker forecast strong 2013 sales, but analysts said the outlook was too optimistic given the current macro environment and increased competition as rivals Intel and Advanced Micro Devices Inc step on the gas.
"We find it difficult to believe that, in the current economic environment, a company that is 80 percent exposed to consumer spending has meaningful visibility into demand over the next 18 months," analyst Daniel Berenhaum at MKM Partners said.
Nvidia said it expects its Tegra product, which is used in mobile devices like smartphones and accounts for about 10 percent to total revenue, to contribute roughly $1 billion to sales in fiscal 2013 -- much higher than analysts' expectations."
<"The chipmaker forecast strong 2013 sales, but analysts said the outlook was too optimistic given the current macro environment and increased competition as rivals Intel and Advanced Micro Devices Inc step on the gas.>
Since Jen was making reference to increased revenue from Tegra, why is it that the annalists are making an issue out of increased competition from AMD which has nothing, & Intel which is MIA in tablets/smart phones?