Business

Nvidia Posts Record Sales, Warns of Russia, China Hit

Graphics chip manufacturer Nvidia issued an uncertain sales outlook, citing supply chain disruptions in China and reduced business in Russia, as it posted record sales in its most recent quarter.

Nvidia said current-quarter sales are likely to hit $8.1 billion, missing Wall Street forecasts. The company said it expects to gain about $500 million from sales related to Russia’s lockdowns and Covid-19 in China.

https://www.wsj.com/articles/nvidia-posts-record-sales-warns-of-russia-china-hit-11653511781?mod=pls_whats_news_us_business_f Nvidia Posts Record Sales, Warns of Russia, China Hit

Edmund DeMarche

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