Nvidia warns on second-quarter revenue, shares dip


Nvidia shares dipped 8% on Monday morning after the company released preliminary earnings that show second-quarter revenue of $6.7 billion, well below its initial outlook of $8.1 billion.  

The chipmaker said the shortfall primarily reflects weaker-than-forecast gaming revenue, which is down 44% sequentially and 33% from the prior year. Nvidia said the report is “primarily attributable to lower sell-in of Gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds.”

It also said its data enter segment has been impacted by supply chain disruptions and preliminary revenue of $3.81 billion is below the company’s expectations. That figure is still up…

Source cnbc.com

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