Nvidia stock dropped as result of weak guidance, and CFO stated that hiring will be reduced
CFO Nvidia of Colette Kress said after the firm published fiscal first-quarter earnings on Wednesday that the company will decrease its recruiting pace and control spending as it contends with a hard macroeconomic climate. Nvidia’s revenue and earnings topped analyst estimates, but the stock plunged more than 10% in extended trade when the chipmaker issued … Read more