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Reading: Nvidia Issues Muted Outlook as Gaming Revenue Drops 33%
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The Wall Street Publication > Blog > Tech > Nvidia Issues Muted Outlook as Gaming Revenue Drops 33%
Tech

Nvidia Issues Muted Outlook as Gaming Revenue Drops 33%

Editorial Board Published August 24, 2022
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Nvidia Issues Muted Outlook as Gaming Revenue Drops 33%
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By Asa Fitch

Aug. 24, 2022 5:03 pm ET

Nvidia gave a muted outlook for its current quarter, two weeks after warning investors that its videogaming business was hit by a downturn in demand.

The company Wednesday said it is expecting sales of about $5.9 billion for the current quarter, below the $6.9 billion analysts expected in a FactSet survey and well below the $8.4 billion Wall Street expected before the sales warning. The projected sales figure represents a decline of 17% compared with the same period last year.

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