Weak Demand For New GPUs Hits Nvidia Revenue

Last week, Nvidia presented its earnings for the fourth quarter of its 2019 fiscal year. Even though the company experienced a 21 percent gain in full fiscal year revenue, it suffered a 45 percent year-over-year loss in gaming GPU revenue. Nvidia cited several factors for the poor performance, particularly weak sales of its new Turing RTX 2070 and 2080 graphics cards.