By Walter Grand in Economy —

Nvidia shares plummeted 7% - the company released a terrible preliminary quarterly report

Nvidia shares plummeted 7% - the company released a terrible preliminary quarterly report
Photo by Pascal Brändle / Unsplash

Revenue in the second quarter, according to the company's statement, was $6.7 billion against expectations of $8.10 billion.

The reason is simple: a slowdown in the company's gaming business. Product sales are falling amid the recession.