Nvidia Corp. has been through this type of downturn before, and this time executives are taking more aggressive tactics to overcome it. Nvidia (NVDA) executives warned Wall Street on Wednesday that revenue in its next fiscal quarter would be roughly $1 billion below analysts’ expectations, due to supply chain-issues and a sudden slowdown in consumer demand for gaming products. The last time that Nvidia suffered a glut in gaming chips, during the “crypto hangover” of 2019, revenue declined year-over-year for four consecutive quarters. Read More...
Nvidia Corp. has been through this type of downturn before, and this time executives are taking more aggressive tactics to overcome it. Nvidia (NVDA) executives warned Wall Street on Wednesday that revenue in its next fiscal quarter would be roughly $1 billion below analysts’ expectations, due to supply chain-issues and a sudden slowdown in consumer demand for gaming products. The last time that Nvidia suffered a glut in gaming chips, during the “crypto hangover” of 2019, revenue declined year-over-year for four consecutive quarters.
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