Nvidia Lowers Revenue Guidance Amid Waning Demand

Pulkit Chandna

The global economy currently has a nimiety of bad news, which seems to be coming from all corners at a cataclysmic speed. Just a week after Intel revised its fourth-quarter guidance downwards, Nvidia has also followed suit. The company has lowered its fourth-quarter revenue guidance and now expects revenues to decline by 40 percent to 50 percent compared to the third quarter.

Just like other major chip manufacturers, including Intel, Nvidia also lays the blame on plummeting demand. It also blames “inventory reductions by Nvidia's channel partners in the global PC supply chain.” Nvidia will post its fourth-quarter results on February 10th.

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