Science

Nvidia predicts 2Q turnover drop due to video game activity – Science et Avenir

(Reuters) – Nvidia said on Monday it expects second-quarter revenue to fall 19% from the previous three months due to weaker sales in the video game business.

Around 14:15 GMT, the title of chip designer brought in 4.55% on Wall Street.

Inflation concerns are spreading throughout the US economy and are prompting consumers to reevaluate purchases of certain products such as laptops and game consoles.

In its video game segment, Nvidia reported preliminary sales of $2.04 billion (€2 billion) for the second quarter, down 44% from the first three months of the year.

The company, which expects second-quarter revenue of around $6.70 billion, up from an earlier forecast of $8.10 billion, is due to release results on Aug. 24.

(Report by Nivedit Baloo in Bangalore; French version by Kate Entringer)

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