Jensen Huang

Graphics chip designer Nvidia Corp forecasted a sharp drop in revenue in the current quarter on the back of a weaker gaming industry, knocking its shares down about 5% in after-hours trading. The company said it expected third quarter revenue of $5.90 billion, down 17% on year, but said the declines would be partially offset by growth in the data center and automotive business. Analysts, however, raised concerns it may face more bad news as former growth areas slow. "We think Nvidia may see further downside from the…

Nvidia NVDA 5.08% may be the chip company for the metaverse, but even they can’t escape the real world sometimes. Financial results for Nvidia’s fiscal first quarter ended May 1 came in ahead of expectations, at least in the key business segments of videogames and data centers. Revenue surged 46% year over year to about $8.3 billion and adjusted operating earnings jumped even more, by 55% to a record high of nearly $4 billion.…

Graphics-chip maker Nvidia Corp. NVDA 5.08% gave a muted sales outlook, citing supply-chain disruptions in China and reduced business in Russia, as it posted record sales for the most recent quarter.Nvidia said sales in the current quarter are likely to come in at $8.1 billion, missing Wall Street forecasts. The company said it anticipated a roughly $500 million hit to sales relating to Russia and Covid-19 lockdowns in China. Nvidia’s sales of chips to big server farms…