{"id":19803,"date":"2022-08-09T09:21:13","date_gmt":"2022-08-09T16:21:13","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19803"},"modified":"2022-08-10T10:09:27","modified_gmt":"2022-08-10T17:09:27","slug":"nvidia-plunges-on-q2-revenue-warning","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/nvidia-plunges-on-q2-revenue-warning\/","title":{"rendered":"Nvidia Plunges on Q2 Revenue Warning"},"content":{"rendered":"\n
Nvidia (NVDA:NYQ)<\/strong> fell after the chipmaker released a warning to investors after lowering second-quarter fiscal 2023 revenue. With a surge in demand over the last few years, the news comes as President Biden signs the chip bill and softening demand for chips.<\/p>\n\n\n\n Nvidia shares are down almost 10% in the last two days as investors await financial results. This caused turmoil within the chip industry, dragging other companies lower.<\/p>\n\n\n\n As chip sales wane, Nvidia lowered its revenue guidance to $6.7 billion in the second quarter from $8.10 billion. The most significant revenue loss for the company has been in the gaming-chip sector, with sales down 33%.<\/p>\n\n\n\n The company notes “macroeconomic headwinds” and have instituted “pricing programs” to help alleviate the pressure in the sector. They continue to see challenging economic conditions into the third quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"Nvidia (NVDA:NYQ) fell after the chipmaker released a warning to investors after lowering second-quarter fiscal 2023 revenue. With a surge in demand over the last few years, the news comes as President Biden signs the chip bill and softening demand for chips. Nvidia shares are down almost 10% in the last two days as investors… View Article<\/a>","protected":false},"author":3,"featured_media":18670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,7,16],"tags":[],"acf":[],"yoast_head":"\n