Nvidia’s Gaming Revenue Plunges, Jensen Announces Price Cuts
Nvidia has released preliminary financial results for the quarter which ended on July 31, 2022, its Q2 FY23 results. The purpose of Nvidia’s prelims (opens in new tab) seems to be to warn investors that it has had a significantly worse quarter than it had projected. In brief: Nvidia previously projected $8.10 billion in revenue for Q2 FY23 (guidance from May), but the company has now revised the figure to $6.70 billion. That’s about 21% off the target when taken as a whole. Of particular interest to our readers is the…