NVIDIA Financial Results for First Quarter Fiscal 2024, Gaming Down 38% YoY

guru3d.com

4 days ago

NVIDIA today reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter. GAAP earnings per diluted share for the quart...

NVIDIA today reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter. GAAP earnings per diluted share for the quar…

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According to NVIDIA's financial results for the first quarter of fiscal 2024, the gaming revenues have dropped by 38% compared to the same quarter last year. This could be attributed to the ongoing pandemic, which has disrupted the gaming industry and the supply chain, as well as the increasing competition in the gaming sector. Despite the decline, NVIDIA remains optimistic that its gaming business will recover as the industry starts to bounce back and new product launches come to market.

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