government imposed an additional license requirement for exports to China, Hong Kong, and Russia for two of Nvidia's integrated circuits. Outside of the company's earnings report, Nvidia is being impacted by export regulations. "Sales to North America hyperscale and cloud computing customers increased but were more than offset by lower sales to China hyperscale customers affected by domestic economic conditions," Cress said during the company's recent earnings call. Management noted that as macroeconomic challenges affect consumers, the demand for high-quality gaming GPUs started to fall.Īs the company's chief financial officer Colette Kress explained, China is also putting a dent in its results.
The primary driver of the disappointing quarter and the tepid guidance is the declining demand for its gaming graphic processing units (GPUs).
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