Nvidia's Shortfall: Blame Gamers or Crypto Mining? [MarketWatch]
Take-Two Interactive Software, Inc. (TTWO)
Last take-two interactive software, inc. earnings: 2/6 04:05 pm
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Source: MarketWatch
Analysts were left wondering how much can be blamed by a drop in demand from gamers, compared with cryptocurrency miners. The company said on Monday its preliminary second-quarter revenue was $6.7 billion, well below its outlook for $8.1 billion. The firm pointed to a 44% quarter-over-quarter decline in gaming segment revenue to $2.04 billion. “Our gaming product sell-through projections declined significantly as the quarter progressed,” CEO Jensen Huang said. “As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our Gaming partners to adjust channel prices and inventory.” Barron's warned in April that Nvidia stock could suffer as pandemic-era demand for gaming graphics cards faded, especially if crypto miners looked to unload high-end cards as they prep for the Ethereum blockchain network's migration to a “proof-of-stake” model from “proof-of-work.” The transition, which hasn't yet happened, would mean graphics cards are no longer n
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News
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TTWO
Earnings
- 2/8/24 - Miss
TTWO
Sec Filings
- 4/16/24 - Form 8-K
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- TTWO's page on the SEC website