Nvidia’s financial statements were also eagerly awaited these days, when the global economic crisis made its impact felt. As the company predicted, the player section played no balls as a downward trend started.
Nvidia is in dangerous waters
According to the second quarter reports of the year, Nvidia’s total revenue was $6.7 billion, increasing by 3 percent on a year-on-year basis. The previous quarter, on the other hand, was far behind the revenue of $8.28 billion.
All of a sudden the BR100 graphics unit is showing off!
Operating profit was $1.74 billion, up 38 percent. On a quarterly basis, it fell 60 percent. Net income was $1.29 billion, down 50 percent year-on-year and 62 percent quarter-on-quarter. While the gaming division achieved 2 billion dollars in revenue with a loss of 33 percent, the data center prevented larger losses with an increase of 60 percent.
A revenue of $5.9 billion is expected in the third quarter of the year and the decline will deepen further. The RTX 4000 series has not yet been released, and the gamer segment is expected to continue its decline as the RTX 3000 stocks are also full to the brim.
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