Friday, 24 March, 2023

NVidia warns of lower revenue in second quarter due to weak gaming sales

<p>Nvidia Corp. warned that the slowdown in its gaming industry would cause its second-quarter sales to decline by 19% from the preceding quarter, which caused the chip maker&#39;s shares to fall by around 8%. The business released preliminary results for the second quarter only a few days after chipmakers Qualcomm, Sony Group, and Intel Corp. forecasted negative sales due to concerns about the demand for personal computers and phones.</p>