Nvidia's second-quarter net profit and game revenue fell 72% and 33% year-on-year, respectively

According to The Block, Nvidia’s game revenue in the second quarter was US$2.04 billion, a year-on-year decrease of 33% and a quarter-on-quarter decrease of 44%. In addition to the macro environment, Nvidia Chief Financial Officer Colette Kress said that the contribution of cryptocurrency mining to game demand is expected to decrease, but it is impossible to accurately quantify the impact of the decrease in cryptocurrency mining on the decline in game demand. In addition, Nvidia’s total revenue in the second quarter was US$6.7 billion, a year-on-year increase of 3%, and its net profit was US$656 million, a year-on-year decrease of 72%. Compared with the same period last year, the revenue of Nvidia's visualization department (including the metaverse project) also fell by 4%, and Nvidia founder and CEO Huang Renxun said that the revenue of the company's game and visualization department will continue to decline in the third quarter.