KEY POINTS
  • Nvidia shares dipped Monday after the company released preliminary earnings that show early second-quarter revenue of $6.7 billion, well below its outlook of $8.1 billion.  
  • The company said the shortfall primarily reflects weaker-than-forecast gaming revenue.

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Nvidia shares dipped 8% on Monday morning after the company released preliminary earnings that show second-quarter revenue of $6.7 billion, well below its initial outlook of $8.1 billion.  

The chipmaker said the shortfall primarily reflects weaker-than-forecast gaming revenue, which is down 44% sequentially and 33% from the prior year. Nvidia said the report is "primarily attributable to lower sell-in of Gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds."

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