Anyone still expecting Nvidia (NVDA) to deliver a beat-and-raise quarterly report got a rude awakening on Monday. The chip giant released preliminary financial results for its fiscal second quarter (F2Q23 – July quarter) and got a thumbs down from the Street. Nvidia now sees Q2 revenue hitting $6.7 billion, an increase from the $6.5 billion delivered in the same period a year ago, but some distance below its previous outlook for $8.1 billion – and what the Street was expecting. The company is set to report the quarter’s financials on August 24.
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NVIDIA (NASDAQ:NVDA)
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