Still, many of big tech's finest businesses, such as Nvidia Corporation (NASDAQ: NVDA), remain notably in the red. Nvidia will face a bumpy road in the short run Nvch is primarily known for designing and manufacturing graphics processing units (GPUs) for gaming, cryptocurrency mining, and a wide range of other business applications, recently announced preliminary second-quarter results that were weaker than expected. The downgraded revenue forecast for its gaming segment is likely connected to macroeconomic conditions like high inflation and rising interest rates, which have temporarily softened demand for its GPUs.