Nvidia's Disappointing Forecast Adds to Chip Concerns

NVIDIA's third-quarter revenue is projected to be $5.9 billion, falling short of the $6.9 billion expected by analysts. This follows a warning from NVIDIA about declining sales due to weakening demand for gaming computers and challenging market conditions. PC shipments are also expected to decrease by 15-20% compared to last year. Despite these challenges, the demand for niche chips remains high, and companies like Applied Materials are struggling to meet equipment demands due to chip shortages. This indicates ongoing supply issues, although chip makers are likely to continue expanding capacity into the next year.

What is NVIDIA's forecast for its third quarter revenue?

How much less is NVIDIA's expected revenue compared to analyst estimates?

What factors are contributing to the weakening demand for gaming computers?

What do PC makers expect regarding PC shipments this year?

What challenges are chip makers facing in meeting demand?