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China's EV slowdown drags down Nvidia's 'next billion-dollar business'

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cnbc.com/2023/08/25/chinas-ev-slowdown-drags-down-nvidias-next-billion-dollar-business.html

BEIJING — U.S. chipmaker Nvidia this week soundly beat analysts' expectations for major revenue lines — except in automotive — as Chinese demand for electric cars moderates. The automotive segment primarily sells chip systems for assisted driving. Nvidia CEO Jensen Huang touted it last year as the company's "next billion-dollar business." But the unit's growth has slowed this…

This story from cnbc.com was posted on 2023-08-25 by @alpinec.

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