Nvidia Crashed Over 7% While AMD Slid Over 2% in Premarket After Nvidia's Disappointing Q2 Financial Result

Tiger Newspress2022-08-08

Nvidia crashed over 7% while AMD slid over 2% in premarket after Nvidia's disappointing Q2 financial result.

Nvidia sees Q2 revenue was $6.7 bln; FactSet consensus was $8.12 bln.Q2 charge of $1.32 bln for inventory and related reserves; Q2 data center revenue was $3.81 bln, FactSet consensus was $3.99 bln; Q2 gaming revenue was$2.04 bln, FactSet consensus $3.04 bln.And it cut Q2 gross margin outlook to about 43.7% from about 65.1%

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