Nvidia Q4 revenue dips 21% to $6.05B as downturn takes its toll

Nvidia reported its quarterly revenue for the fourth fiscal quarter ended January 29 was $6.05 billion, down 21% as the downturn took its toll on the AI and gaming chip maker.

But generative AI is expected to create a significant opportunity that will accelerate this year, said Colette Kress, chief financial officer, in a call with analysts.