{"id":327893,"date":"2022-11-18T12:15:00","date_gmt":"2022-11-18T12:15:00","guid":{"rendered":"https:\/\/omni48.com\/?p=327893"},"modified":"2022-11-18T12:53:06","modified_gmt":"2022-11-18T12:53:06","slug":"nvidia-s-gaming-recovery-will-take-a-while","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/nvidia-s-gaming-recovery-will-take-a-while","title":{"rendered":"Nvidia&#8217;s Gaming Recovery Will Take a While"},"content":{"rendered":"<p>Nvidia &#8216;s (NASDAQ: NVDA) gaming business was a mess in its fiscal third quarter ended Oct. 30. Revenue tumbled 51% year over year and 23% from the previous quarter as a combination of weak demand and partners working feverishly to reduce inventories greatly reduced shipments. Weakness in the gaming and professional visualization segments more than offset solid data center and auto sales. Overall revenue tumbled 17% year over year, and Nvidia&#8217;s adjusted earnings per share was cut in half. Multiple headwinds Nvidia&#8217;s gaming sales surged throughout the pandemic as demand for graphics cards from gamers and crypto miners overwhelmed supply. The company generated $3.62 billion of quarterly gaming revenue at its peak. One of those sources of demand has almost entirely vanished. Cryptocurrency prices have crashed, and multiple blowups and scandals have put a chill on interest. Nvidia&#8217;s graphics cards are no longer being snapped up to mine cryptocurrencies. The other source of demand has cooled. After two years of<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are more headwinds this time around.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[303,1,130],"tags":[],"class_list":["post-327893","post","type-post","status-publish","format-standard","hentry","category-computers","category-news","category-technology"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/327893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=327893"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/327893\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=327893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=327893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=327893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}