revenue would hamper second-quarter results. Analysts were left wondering how much can be blamed by a drop in demand from gamers, compared with cryptocurrency miners.
The company said its preliminary second-quarter revenue was $6.7 billion, well below its outlook for $8.1 billion. The firm pointed to a 44% quarter-over-quarter decline in gaming segment revenue to $2.04 billion.
U.S. stock futures were higher Monday evening as investors continue to consider second-quarter earnings results, the upside surprise in July jobs
growth from Friday’s employment report, and inflation data coming later this week.
, the major indexes rose in the morning before returning to neutral territory in the afternoon. The S&P 500 and the tech-heavy Nasdaq Composite each finished down 0.1%, hampered by a 6.3% drop for NVIDIA (ticker: NVDA ), which lowered
its second-quarter revenue projections due partly to weaker gaming revenue. The Dow Jones Industrial Average rose 0.1%.
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