NVIDIA on Monday announced its preliminary financial results for the second quarter ending July 31, 2022.
On the other hand, NVIDIAs rival AMD saw its gaming business grow by over a billion dollars.
In simpler words, reckon it’s NVIDIAs loss has been AMDs gain.
Thats a massive 33 percent loss in NVIDIAs revenues from the sales of graphics cards for gaming.
Our gaming product sell-through projections declined significantly as the quarter progressed.
NVIDIA has excellent products and position driving large and growing markets.
While Data Center revenue hit a record, it fell short of estimates due to supply disruptions.
We believe our long-term gross margin profile is intact.
We have slowed operating expense growth, balancing investments for long-term growth while managing near-term profitability.
We plan to continue stock buybacks as we foresee strong cash generation and future growth.
The gaming sector is now AMDs second-biggest cash flow source after computer processors, which earned $2.2 billion.
We delivered our eighth-straight quarter of record revenue based on our strong execution and expanded product portfolio.
The GTX 1060 is still the most common GPU in gaming computers around the world.
source: www.techworm.net
