Nvidia blames “challenging market conditions” for Q3 forecast misses

August 25, 2022
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Graphics card maker Nvidia is also feeling the sting of the current economic climate.

Its recent financial report revealed the company fell short of Wall Street’s Q3 expectations, blaming “challenging market conditions” for this setback (via CNBC).

Two weeks ago, Nvidia predicted it would not meet Wall Street’s finacial estimates, commenting that it had seen a significant slow down in growth driven by “disappointing” sales. At this time, Nvidia also stated it would see a decline in its gross margin.

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