Corsair Gaming Stock Slides As Consumers Hold Out For New GPUs: What Investors Need To Know
Portfolio Pulse from Adam Eckert
Corsair Gaming Inc (NASDAQ:CRSR) shares fell in after-hours trading following the announcement of preliminary second-quarter results, which showed lower-than-expected revenue due to consumers waiting for new GPUs. The company expects recovery in the second half of 2024 and 2025.
July 18, 2024 | 9:01 pm
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Corsair Gaming's stock dropped significantly after the company reported preliminary Q2 results that missed revenue estimates. The decline is attributed to consumers delaying purchases in anticipation of new GPUs, affecting high-end gaming PC sales.
The significant drop in Corsair Gaming's stock price is due to the company's preliminary Q2 results missing revenue estimates by a wide margin. The primary reason is consumers holding off on purchases in anticipation of new GPUs, which has led to lower sales in the high-end gaming PC market. This news is highly relevant and important for investors as it directly impacts the company's financial performance and stock price in the short term.
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