On Monday, Nvidia (NVDA) released its preliminary financial results for its second quarter of Fiscal Year 2022. Revenue is expected to be $6.7 billion - a significant miss on the company's previous guidance of $8.1 billion. Although sales are still up 3% on a year-over-year basis, the quarter-over-quarter comparison equates to a 19% decline. As a result, shares of NVDA fell over 8%. This decrease in revenue is attributable to weakness in its Gaming segment. Indeed, it fell 33% and 44% when compared to Q2 2021 and Q1 2022, respectively. Macroeconomic headwinds have reduced consumers' appetite for high-priced discretionary items such as video-game consoles.
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