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NVIDIA’s Q3 2019 Inventory Rose to Unexpected Levels

Paige Tanner
NVIDIA’s Q3 2019 Inventory Rose to Unexpected Levels

Previously, we learned that NVIDIA’s (NVDA) CEO, Jensen Huang, expected the decline in the company’s GPU (graphics processing unit) prices in the second quarter to trigger demand from gamers who were not able to buy GPUs during the holiday season due to high prices and supply shortages. NVIDIA’s gaming revenue rose 4.8% sequentially to $1.8 billion in the second quarter of fiscal 2019, which ended in July. NVIDIA’s gaming revenue fell 2% sequentially to $1.76 billion in the third quarter of fiscal 2019, which ended in September—lower than the analysts’ estimate of $1.91 billion.