![]() “While gaming navigates significant short-term macroeconomic challenges, we believe the long-term fundamentals in gaming remain strong,” she said. In the April quarter, gaming reached a peak of $3.6 billion in revenue.Īs analysts tried to get a sense of what the growth rate for gaming will be going forward, Kress remained optimistic. NVIDIA Display Container LS (NVDisplay.ContainerLocalSystem) handles some display tasks. Unfortunately, NVIDIA did not give these services informative descriptions in the Services app. Nvidia’s gaming revenue was $2.04 billion, down 44% sequentially and down 33% year-on-year. By default, all these services are set to run automatically and always stay running in the background, except for the NVIDIA NetworkService Container. Nvidia said gaming revenue will be down sequentially in the upcoming fiscal third quarter from the quarter it just reported. ![]() In after-hours trading, shares fell nearly 5%. As an Nvidia AI Accelerate partner - Interplay, our low-code AI platform - makes capabilities. We have adjusted pricing in the channel.”Įven so, the news did not initially sit well with Wall Street, which was concerned about the future of gaming revenue. A 95 Writedown Shows the Repercussions of VC Exuberance. We haven’t even started that new-product introduction. “This time it is about working very fast on the inventory corrections. “We are taking different actions,” Kress said Wednesday. Nvidia ’s planned acquisition of Arm from SoftBank has collapsed due to significant regulatory challenges, the companies said in a joint release Tuesday. Nvidia took a $1.22 billion inventory write-down so that its channel partners can drop prices and move Nvidia’s existing products faster before new ones are launched. In an interview with MarketWatch on Wednesday, Nvidia Chief Financial Officer Collette Kress said that executives are trying to be much more forceful and decisive early in the process of this downturn, effectively looking to rip off the band-aid before new products arrive. The company’s Graphics segment offers GeForce GPUs for gaming and P. Most important, it swallowed nearly an entire product cycle for Nvidia - the release of its Turing architecture was marred, as gamers delayed their purchases to wait for lower price points and for more games to be designed around the technology.įor more: Chip stocks tanked as pandemic demand for electronics slumped, but there are still some winners NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The last time that Nvidia suffered a glut in gaming chips, during the “crypto hangover” of 2019, revenue declined year-over-year for four consecutive quarters.
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