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Nvidia Warns of Sales Shortfall as Gaming Revenue Drops

Nvidia said second-quarter sales would fall well short of its forecast amid a drop in gaming revenue in recent weeks, the latest sign that the pandemic-era boom for computer chips is waning.

The Santa Clara, Calif., -based company expects revenue of $6.7 billion for the quarter ended July 31, some 17% below the $8.1 billion it had forecast in May, amid a 33% drop in gaming revenue to $2.04 billion. Sales would still be up from the year-prior period, though they would mark the slowest pace of growth in three years.

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