GPUs

Closing out the most recent earnings season for the PC industry is, as always, NVIDIA. The company’s unusual, nearly year-ahead fiscal calendar means that they get the benefit of being casually late in reporting their results. And in this case, they’ve ended up being the proverbial case of saving the best for last. For the first quarter of their 2024 fiscal year, NVIDIA booked $7.2 billion in revenue, which is a 13% drop over the year-ago quarter. Like the rest of the chip industry, NVIDIA has been weathering a significant slump in demand for computing products over the past few quarters, which in turn has dented NVIDIA’s revenue and profitability. However, while NVIDIA’s consumer-focused gaming division has continued to take matters on the chin, the...