NVIDIA Q2 Gaming Revenue Down by over $1 Billion Y/Y

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Tsing

The FPS Review
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NVIDIA won't be releasing its Q2 earnings until later this month, but investors should brace themselves for disappointing results in one of the company's biggest segments.

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Lol at "gaming".

Gaming demand is just fine.

It's the crypto sales that have tanked.

Didn't they already get sued for conflating the two?
 
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The SEC settlement people are thinking of was from May, when Nvidia was charged for failing to disclose that a significant portion of revenue from its gaming business resulted from (gaming) cards sold to miners. The amount of the settlement was a whopping $5.5M.

It's worth noting that these charges relate to activity from 2017:
The SEC’s order finds that, during consecutive quarters in NVIDIA’s fiscal year 2018, the company failed to disclose that cryptomining was a significant element of its material revenue growth from the sale of its graphics processing units (GPUs) designed and marketed for gaming.
Click to expand...
—https://www.sec.gov/news/press-release/2022-79-0
 
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