Yahoo Finance Live anchors discuss Nvidia expecting to miss on second-quarter earnings estimates.
For the 2023 fiscal second quarter (ended July 31) Nvidia is now expecting revenue of roughly $6.7 billion, up 3% year over year and down 19% sequentially. Gaming revenue is expected to be $2.04 billion, down 33% year over year and 44% sequentially. Nvidia cited weakening demand for its gaming processors by its channel partners and resellers, noting that the lower sales were likely the result of "macroeconomic headwinds."
In this video, I talk about what to expect from Nvidia's (NASDAQ: NVDA) second-quarter earnings, especially after what companies like Intel and Advanced Micro Devices have shown us these past few weeks.