Graphics-chip maker Nvidia late Wednesday beat Wall Street's targets for its fiscal first quarter but disappointed with its sales outlook for the current quarter. Read More...
Reuters
Nvidia shares drop on disappointing revenue outlook and China, Russia obstacles
(Reuters) -Chip designer Nvidia Corp forecast second-quarter revenue below Wall Street estimates on Wednesday, bracing for supply chain snags and slowing demand for graphics chips used in gaming devices. Weaker graphics chips prices and lower discretionary spending amid high inflation are likely to pressure Nvidia’s gaming business, according to experts. Kinngai Chan, analyst at Summit Insights Group, was more critical saying almost every tech company that missed on outlook has blamed the Russia-Ukraine conflict and China COVID lockdowns.
