NVIDIA Corp. (NVDA) Wednesday said it now expects second quarter total revenue in the range of $800 million to $820 million, compared to its previous forecast in the range of $950 million to $970 million.
The company said the revenue shortfall occurred primarily in the consumer GPU business, resulting from increased memory costs and economic weakness in Europe and China. The increased solution cost of discrete GPUs led to a greater-than-expected shift to lower-priced GPUs and PCs with integrated graphics.
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