NVIDIA Corporation (NVDA) offers graphics, computing, and networking solutions in the United States, Taiwan, China, and internationally. The company operates through two segments: Graphics and Compute & Networking. It sells its products to original equipment and device manufacturers, independent software vendors, internet and cloud service providers, mapping companies, and other ecosystem participants.
The company reported disappointing fiscal 2023 second-quarter results and provided a weak outlook for the third quarter. Its revenue is expected to be $5.90 billion, plus or minus $118 million, which accounts for a nearly 12% sequential decline. Gaming and Professional Visualization revenue is expected to decline sequentially as OEMs and channel partners reduce inventory levels to align with slowing demand.
