As we reported today, Nvidia posted earnings that beat Wall Street’s reduced expectations for fourth fiscal quarter earnings for the period ended January 27. And while that quarter was disappointing, the maker of graphics and AI chips predicted that the year ahead would be a good one, with demand for laptop gaming gear remaining strong.
Nvidia CEO Jensen Huang said in an interview with GamesBeat today that revenues came in at lower-than-expected levels in part because Nvidia only had high-end RTX graphics cards available during the quarter. Because of a high-level of inventory from unsold mid-range graphics cards, Nvidia could not launch its new mid-range RTX graphics cards during the quarter.
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