Nvidia cuts fourth quarter revenue estimate on weak China demand

Nvidia cuts fourth quarter revenue estimate on weak China demand

Nvidia Corp on Monday cut its fourth-quarter revenue estimate by half a billion dollars, hurt by weak demand for its gaming chips in China.

NVIDIA logo shown at SIGGRAPH 2017
A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake/File Photo

REUTERS: Nvidia Corp on Monday cut its fourth-quarter revenue estimate by half a billion dollars, hurt by weak demand for its gaming chips in China.

"Q4 was an extraordinary, unusually turbulent, and disappointing quarter," said Chief Executive Officer Jensen Huang said.

(Reporting by Sonam Rai in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: Reuters

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