Nvidia expects second-quarter revenue to drop on gaming weakness

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Concerns over inflation are spreading through the U.S. economy, as consumers weigh purchases of items such as laptops and video game consoles.

The company reported preliminary gaming revenue for the second quarter of $2.04 billion, down 44% sequentially.

Nvidia (NASDAQ:NVDA), which expects second-quarter revenue of about $6.70 billion compared with $8.10 billion forecast earlier, is scheduled to report results on Aug. 24.