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Nvidia fiscal 2Q23 results disappoint due to gaming business slump

Nvidia has released its financial results for fiscal second-quarter 2023 (ended July 31 2022), with revenue increasing 3% from the same period a year ago to US$6.7 billion. Gross margin for the quarter dropped sharply to 43.5% from the previous quarter’s 65.5%, an obvious result of the impact from macroeconomic headwinds.