Skip to main content
  1. Home
  2. Computing
  3. News

Nvidia just lost a billion dollars in gaming business as AMD continues to thrive

By

Nvidia’s second-quarter earnings look as if the company lost over a billion dollars in revenue since last year, according to preliminary numbers released by the company today. All this while AMD grew its gaming business by over a billion dollars.

Nvidia reported $2.04 billion in gaming revenue for the first half of 2022, down from $3.06 billion a year ago. That’s a whopping 33 percent loss.

An Nvidia GeForce RTX graphics card seen from the side.
Kiklas/Shutterstock

“Our gaming product sell-through projections declined significantly as the quarter progressed,” Founder and CEO of Nvidia Jensen Huang said in the release. “As we navigate these challenges, we remain focused on the once-in-a-generation opportunity to reinvent computing for the era of AI.”

Recommended Videos

Huang blamed the loss on component shortages and “ongoing macroeconomic uncertainty.”

Get your weekly teardown of the tech behind PC gaming
Check your inbox!
Privacy Policy

But those factors haven’t seemed to affect AMD, whose gaming business has been thriving. The company grew its revenue by $6.6 billion, with $1.7 billion of that coming from gaming. Gaming is now AMDs second-biggest cash cow after computer processors.

“We delivered our eighth-straight quarter of record revenue based on our strong execution and expanded product portfolio,” Lisa Su, CEO of AMD, said in the earnings report. “We see continued growth in the back half of the year highlighted by our next-generation 5nm product shipments.”

The GTX 1060 is still the most common GPU in gaming computers around the world.

AMD has an edge over Nvidia when it comes to gaming unit shipments thanks to strong partnerships with Sony, Microsoft, and Asus. PlayStation 5 and Xbox Series gaming consoles use AMD GPUs, and both saw increased sales from 2021. Gaming laptops also saw an increase in sales, with AMD Radeon GPUs among the most popular units shipped.

Meanwhile, Nvidia GPUs continue to dominate the extreme high end of gaming power, which translates into high prices. The Nvidia RTX 3090 Ti is one of the most powerful graphics cards on the market, but it costs nearly $2,000. Nvidia didn’t say how many units it shipped, but it’s obviously not enough.

Tellingly, a Steam survey in March found the old GeForce GTX 1060 was still the most common GPU in gaming computers around the world. This 2016 card is the bare minimum needed to play Elden Ring and can’t handle high-intensity graphical needs such as PCVR.

No matter the reasons for Nvidia’s billion-dollar loss, it is clear AMD has a winning formula for continued growth.

Editors’ Recommendations

Topics
Nathan Drescher
Nathan Drescher
Former Digital Trends Contributor
Nathan Drescher is a freelance journalist and writer from Ottawa, Canada. He's been writing about technology from around the…
New pricing leak shows AMD may have been right to wait for Nvidia
An Asus RX 9070 XT TUF GPU.

AMD's upcoming RX 9070 XT is still largely a mystery, but it won't be long before it's out there, competing against some of the best graphics cards. Many are wondering about how much it'll cost, and a reliable leaker just shared the rumored pricing of the RX 9070 XT. Reportedly, it's going to be cheaper than Nvidia's RTX 5070.

The information comes from zhangzhonghao on the Chiphell forums. This leaker has previously shared claims that turned out to be true, but still, it's important to take this with a healthy dose of skepticism, as it's not being presented as a fact -- and even if it was, it's never certain until AMD itself speaks up.

Read more
Preorders for AMD’s RX 9000 series may open this month
Various AMD RX 9000 series graphics cards.

Some much-needed good news just popped up in relation to AMD's best graphics cards, the RX 9070 XT and RX 9070. As spotted by momomo_us on X (formerly Twitter), the cards have been listed on the B&H website, and although you can't buy them right now, there's a preorder date for later this month. With the RTX 50-series set to launch on January 30, can AMD still beat Nvidia to the punch?

During AMD's CES 2025 keynote, the RDNA 4 lineup was largely a no-show, with nothing but a promise that we'd find out more soon. We weren't given the specs, much less a firm release date. While we still don't know when the RX 9000 series will truly arrive, at least we now know when the preorders are likely to start.  Keep in mind that none of this is official information from AMD, so everything could still change.

Read more
AMD may have underestimated the RX 9070
Gigabyte's RX 9070 XT GPU.

AMD's upcoming RX 9000 series is still largely a mystery, but the cards are already out there -- and AMD was actually demoing the RX 9070 during CES 2025. We may not know any specs of the card at this point, but thanks to an early benchmark, we know that it does a surprisingly good job in Call of Duty: Black Ops 6. Can it really compete against some of Nvidia's best graphics cards?

The RX 9070 was available for brief testing at the AMD booth, paired with the mighty impressive Ryzen 9 9950X3D. IGN spotted it and gave it a test run in Call of Duty: Black Ops 6, which has a built-in benchmarking tool. Mind you, this is the non-XT model, meaning that it's not the flagship card -- but it's unclear just how much worse it'll be than the XT variant.

Read more