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(Reuters) – Chip designer Nvidia (NASDAQ:NVDA) Corp predicted third-quarter revenue below market expectations on Wednesday, delivering a one-two punch as weak gaming demand led to a 19% sequential decline in second-quarter sales.
The company expects third-quarter revenue of $5.90 billion, plus or minus 2%, compared with average analysts’ estimate of $6.95 billion, according to Refinitiv data.
