Nvidia Issues Muted Outlook as Gaming Revenue Drops 33%

Nvidia gave a muted outlook for its present quarter, two weeks after warning traders that its videogaming enterprise was hit by a downturn in demand.

The corporate Wednesday mentioned it’s anticipating gross sales of about $5.9 billion for the present quarter, under the $6.9 billion analysts anticipated in a FactSet survey and nicely under the $8.4 billion Wall Avenue anticipated earlier than the gross sales warning. The projected gross sales determine represents a decline of 17% in contrast with the identical interval final 12 months.