Thndr Claps » U.S. Claps » Tech 📲 » Nvidia underwhelm in Q2 2022 👎
The ClapNvidia’s (NASDAQ: NVDA) earnings for Q2 2022 failed to beat analysts’ expectations as macroeconomic conditions continue to disrupt demand.The DeetsNvidia reported EPS of $0.51 and revenue of $6.7 billion, significantly lower than analysts’ expectations.The earnings indicate a slowdown in the company’s growth and are a poor indicator for the next quarter.Why this MattersThe company believes that lower sales of gaming products are one of the main drivers for the below-par earnings, as revenue from gaming products was down by 33% YoY for the quarter.COVID-driven SuccessDuring the pandemic, Nvidia blossomed as remote working conditions drove people to buy graphic cards and boosted revenues by 61% for the 2022 fiscal year.
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