https://wccftech.com/nvidia-sinks-as-weak-guidance-rings-warning-bells-of-chip-slowdown/

Chip designer NVIDIA Corporation fell short of its guidance as it posted its earnings report for the first quarter of its fiscal year 2023 earlier today. The company reported $8 billion in revenue for the quarter, which marked a whopping 46% annual increase as it reported its highest quarterly revenue from the crucial data center segment. While the revenue from data center and overall revenues were striking, to say the least, NVIDIA rang the warning bells as its guidance for the current quarter, its second fiscal quarter, fell share of analyst estimates in a crucial development that indicates that the semiconductor sector is in for some tough love as we exit the first half of 2022.

Starting off from the previous quarter, NVIDIA's revenue stood at $8.3 billion, it marked a 46% increase over the first quarter of the firm's previous fiscal year. At the same time, as we saw with Advanced Micro Devices, Inc's (AMD) earnings, the data center segment was also a strong contributor to NVIDIA's earnings, with the company outing that the datacenter segment posted record quarterly revenue during the first fiscal quarter.