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Nvidia Loses Its Game

Give Nvidia a bit of credit for knowing to get the bad news out early.

It came in the form of a warning Monday morning that revenue for the fiscal second quarter ended July 31 would be about 17% below its prior forecast. The chip maker primarily blamed weakness in its videogaming business, which is mostly made up of graphics processors used in PC gaming rigs. Nvidia’s shares slid nearly 8%, though the stock is faring better than the last time the company warned it would come up short. That preannoucement in January 2019 lopped nearly 14% off the shares in a single session.