NVIDIA (NVDA) Lowers Q2 Revenue Guidance
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NVIDIA Corporation (Nasdaq: NVDA) sees Q2 revenue of $875 million to $950 million, below the consensus of $1.1 billion.
The estimated decrease in revenue and gross margin is due to several reasons: end-market weakness around the world, the delayed ramp of a next generation MCP, and price adjustments of our GPU products to respond to competitive products.
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