The announcement signals a major escalation of the US crackdown on China’s technological capabilities as tensions bubble over the fate of Taiwan.
Browsing: Nvidia
Graphics chip designer Nvidia forecast a sharp drop in revenue in the current quarter on the back of a weaker gaming industry.
Nvidia is one of the worst-performing semiconductor stocks this year, though the shares are hardly in the bargain basement bin.
Mounting concern over semiconductor demand is sending shudders through Asia’s high-tech exporters, which historically serve as a bellwether for the international economy.
Even in an industry famous for its roller-coaster cycles, chip makers are bracing for a particularly severe shift in coming months.
Gaming companies are facing a slowdown in demand for videogames from pandemic highs, raising doubts about their ability to weather a downturn.
Nvidia warned its second quarter revenue would drop by 19% on weakness in its gaming business, sending the chip designer’s shares tumbling.
The turmoil in the cryptocurrency industry has taken a toll on a corner of the tech world that once benefited from crypto’s rise.
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In episode 5 of Everything PC, Gerhard Pretorius and Duncan McLeod discuss Nvidia, and why it is admired, feared and even loathed in the computer industry.