It had been a pandemic darling, rising heavily as work-from-home prompted purchases of graphics cards and server chips, supercharging Nvidia's business and driving 61% revenue growth in fiscal 2022. Nvidia stock is down over 42% so far since the beginning of the year. Nvidia said that revenue from its dedicated cryptocurrency mining chips, CMP, was "nominal," contributing to a 66% annual decrease in its OEM and other category. Automotive remains small, although it increased 45% year-over-year to $220 million. Its professional visualization business, which sells graphics chips for enterprise uses, declined 4% annually to $496 million. Nvidia also has a few smaller lines of business. It rose 61% on an annual basis to $3.8 billion, driven by what the company calls "hyperscale" customers, which are big cloud providers. The company's data center business did slightly better. Nvidia said it would adjust prices with its retailers to address "challenging market conditions" for the industry that it said it expected to persist through the current quarter.
0 kommentar(er)
