While in high demand and short supply for the first two years of the pandemic, Nvidia Corp.'s gaming cards have been hit by declines in three separate pandemic booms in 2022: Personal-computer sales, videogames and cryptocurrency. Read More...
Reuters
Nvidia warns of lower second-quarter revenue on gaming weakness
(Reuters) -Nvidia Corp on Monday warned its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business, sending the chip designer’s shares down about 8%. The company reported preliminary results for the second-quarter, just days after chipmaker Intel Corp, Qualcomm and Sony Group forecast weak sales on demand concerns for personal computers and phones. The gaming industry, largely considered to be recession proof, is beginning weaken as consumers weigh purchases of discretionary items such as video-game consoles.
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