Nvidia lowers its forecast for revenue growth of 19% in the second quarter

NVIDIA Group gave a more pessimistic forecast for revenue in the second quarter of its fiscal year than its previous forecast due to weaker growth in the video game industry.

and lowered Well-known chip manufacturer With its computer game cards, its second-quarter revenue forecast is 19% to $6.7 billion.

This comes as video game companies are affected by the disruption of supply chains, especially chip supplies from China, due to the closures caused by Corona, in addition to the decline in demand for their games.

And Nvidia said that video game revenue will decline 33% compared to the same quarter last year, to about two billion dollars.

Its revenue from chips used in data centers is expected to increase 61% year-on-year to $3.8 billion.

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