Nvidia has announced preliminary results for the previous three months, preempting its regular financial call, to announce a major shortfall in revenue. The company was expected to rake in $8.1 billion in revenue over just three months but instead took home $6.7B. Now that’s still a lot of cash, but for Wall Street’s favourite tech company times are noticeably tougher than they were just last year.

Just last year, Nvidia was selling every GPU it manufactured to hoards of partners eager to shift GPUs at inflated prices. Today, CEO Jensen Huang has announced (opens in new tab) Nvidia is taking action with its “gaming partners to adjust channel prices and inventory” to help shift more stock.


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