Nvidia's Automotive revenue fell by 15% in the three months ended July 30, primarily due to lower overall auto demand in China. This marks the first sequential decline in more than a year for the company's automotive segment, which sells chip systems for assisted driving. Chinese manufacturers' excess inventory and downward revisions of sales forecasts for high-end vehicles are believed to be factors contributing to the decline. Nvidia's products primarily target the high-end automotive market, facing competition from other vendors in the mid-range market. Other automotive chip companies, such as Analog Devices, also reported sequential revenue declines in the segment.

The post China’s EV Slowdown Drags down Nvidia’s ‘next billion-dollar business’ appeared first on Balanced News Summary.