Weak demand for gaming chips hurts NVIDIA (NVDA) Q3 earnings – November 14, 2022

NVIDIA Corporation (NVDA quick quoteNVDA – Free Report) will report Q3 2023 results on November 16. NVIDIA impressed investors with its excellent financial performance and has experienced robust top- and bottom-line growth in recent quarters. However, declining demand for its chips used in gaming and data center end markets has put the brakes on growth … Read more

India’s gaming market is worth $2.6 billion and is expected to reach $8.6 billion by 2027: report

The Indian gaming market, which has crossed the half-billion mark with 507 million gamers, has reached $2.6 billion, Interactive Media Venture Capital Fund Lumikai revealed in its latest report. According to the report titled ‘State of India Gaming report FY22’, the domestic gaming industry is expected to nearly quadruple to $8.6 billion by 2027. Justin … Read more

A game of sheep goes viral in China despite strict game rules

The game from a young Beijing company called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING – A new game that has gone viral in China hit people’s screens with surprising speed at a time when gaming giants such as NetEase have waited months for approval to launch … Read more

Sell ​​Roblox as gaming stocks could fall further, says MoffettNathanson

It’s time to sell shares of Roblox, as they should fall even further after a 65% crater this year, according to MoffettNathanson. Analyst Clay Griffin started reporting on Roblox with an underperform rating, saying it’s too early to say whether the gaming platform will ever live up to its metaverse ambitions. “In a market that … Read more

A game of sheep goes viral in China despite strict game rules

The game from a young Beijing company called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING — A new game that has gone viral in China has hit people’s screens with surprising speed at a time when gaming giants like NetEase have waited months for approval to launch … Read more

European companies rethink their plans for a ‘closed’ China

Germany’s foreign direct investment to China is up about 30% in the first eight months of the year from a year ago, China’s Commerce Ministry said Monday. Vcg | Visual China Group | Getty Images BEIJING — European companies in China are reassessing their market plans after this year’s Covid controls further isolated the country … Read more

Fed must raise interest rates by 150 basis points: Wells Fargo

It’s a move that would likely cause panic on Wall Street. But Michael Schumacher of Wells Fargo Securities suggests the Federal Reserve is raising interest rates too slowly, telling CNBC’s “Fast Money” that he would seriously consider a 150 basis point hike this week if he were chairman Jerome Powell. “The Fed knows the destination. … Read more

Some Millennials, Gen Zers Are Leaving Investment Accounts Due To Inflation

According to a recent survey by Ally Financial, it has been a difficult year for the stock market, with some consumers closing investment accounts due to inflation and volatility issues. As investors brace for another significant Federal Reserve rate hike, inflation is still hovering around its 40-year high and the S&P 500 is down nearly … Read more

Intuit CEO sees healthy consumer spending, but inflation is the biggest concern

Intuit is seeing strong consumer spending despite ongoing inflation dogging the economy, the company’s CEO Sasan Goodarzi told CNBC’s Jim Cramer on Monday. Goodarzi noted that the financial software company can see consumer spending, the number of employees companies have hired and the number of hours they have worked. “If we look at those elements … Read more

CNBC’s Joe Kernen Challenges Buttigieg About Inflation

CNBC anchor Joe Kernen on Friday took on Secretary of Transportation Pete Buttigieg for the Biden administration that held a celebration the same day that a worse-than-expected inflation report in August sent stocks plummeting. President Biden held a party on the South Lawn of the White House on Tuesday to celebrate the passing of the … Read more