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Nvidia stock sinks after Citi lowers gaming forecast

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Yahoo Finance’s Brian Sozzi discusses Nvidia stock sinking after Citi lowered its gaming-related estimates.

Video Transcript

BRIAN SOZZI: All right. Before we head to break, let's take a look at some stocks we're watching. Citi analyst Atif Malik, he's coming more cautious about the second-half profit potential for Julie fave Nvidia. The analyst cut his gaming segment and estimates for Nvidia's October quarter, citing weakening PC demand and high levels of retail inventory. Malik now sees a 30% peak-to-trough decline in Nvidia's gaming sales compared to a 47% correction in the 2018 to 2019 period.