AMD's gaming revenue is down by 48%, and it won't get better [Yahoo! Finance]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: Yahoo! Finance
This sentiment is backed by AMD's most recent earnings call , which revealed that its gaming revenue is down by a staggering 48% year-over-year. Things have been looking kind of grim ever since rumors started spreading that AMD may be giving up on the high-end portion of the GPU market. There have been whispers that AMD may have had a perfectly viable high-end graphics card that it decided not to launch, instead focusing on the mainstream segment. The earnings call gives some context to these rumors. As reported by PC Gamer , AMD's overall gaming revenue in the first quarter of 2024 dropped by 48% compared to the same time period in 2023, and by 33% compared to the previous quarter. Jean Hu, AMD's CFO, cites a decrease in Radeon GPU sales as one of the reasons why its gaming department is performing so poorly. Even though AMD has the upcoming RDNA 4 lineup coming out this year, it doesn't seem to expect things to get better. “Year over year, we expect our data center and client
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NVDA
News
- AMD-Nvidia ETFs in Focus Amid New Chip Introductions [Yahoo! Finance]Yahoo! Finance
- Computex Chronicles Part 2: AMD Leaps Into Copilot+ PCs And Outlines Infrastructure GPU Roadmap [Seeking Alpha]Seeking Alpha
- U.S. Equities: 5 Signs the Recent Pullback is Healthy [Yahoo! Finance]Yahoo! Finance
- AMD-NVIDIA AI Rivalry Escalates With New Product Launches [Yahoo! Finance]Yahoo! Finance
- Should you buy Nvidia before the 10-for-1 stock split? [USA TODAY]USA TODAY
NVDA
Earnings
- 2/21/24 - Beat
NVDA
Sec Filings
- 5/31/24 - Form 4
- 5/31/24 - Form 4
- 5/30/24 - Form 4
- NVDA's page on the SEC website