Mon, 08 Aug 2022 14:06:31 GMT
Nvidia expects decline in earnings
Prior to Tuesday's US trading start, Nvidia announced that the company expects its second quarter revenues to decrease by 19.00%, compared to the previous quarter. The decline of income has been caused by a 44.00% drop in the gaming sector.
The company's stock reacted to the news with an opening at $175.40, which is 7.21% lower than the Friday's closing