Huang told analysts on the call that the company also faced supply chain challenges that prevented it from selling more systems to data centers. "I know the demand is strong, but we expected the demand to be even stronger," Huang told Reuters about the write down of data center inventory. Nvidia said it took a $1.34 billion charge in the second quarter as it wrote down inventory built up when it thought the gaming and data center markets would be much stronger. The gaming industry has been showing signs of weakness as consumers pull back from discretionary purchases such as video-gaming gear amid decades-high inflation. Data center revenue held up at $3.81 billion, up 61% year on year. Its gaming division posted revenue of $2.04 billion, down 33% year on year. The company's second quarter revenue of $6.70 billion was significantly lower than the $8.10 billion Nvidia forecast in May. Nvidia Chief Executive Jensen Huang said on an earnings call that Chinese cloud service providers' infrastructure investment had slowed a lot in the second quarter, but this had been offset by strong growth in the United States.
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