Nvidia Game Revenue Declines 28% in FY 2023
For the fiscal year ending January 29, 2023, Nvidia (NASDAQ: NVDA) saw its gaming revenue decline 28% from FY 2022 to $9.1 billion. Overall annual revenue was flat at $27 billion. For fiscal 2023 net income was down 55% YOY to $4.4 billion.
Analysis
The past year was rough for Nvidia, but the company is clearly poised for strong growth in coming quarters. Investors are once again bullish as the company stands to benefit from the growth of the.....