nvidia corporation nvda shares traded lower by 79 on monday after the semiconductor giant preannounced just 67 billion in revenue for the july quarter well below the 81 billion in revenue analysts were expecting several leading semiconductor stocks traded lower in sympathy for nvidia as investors anticipate a potentially weak quarter in the semi industry the shortfall relative to the may revenue outlook of 810 billion was primarily attributable to lower sellin of gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds nvidia said shares of advanced micro devices inc amd traded lower by 21 on monday while marvell technology inc mrvl shares dropped 23 taiwan semiconductor mfg co ltd tsm shares were down 20 intel corporation intc shares held up relatively well closing flat on the day difficult semi market nvidia said ongoing supply chain disruptions are weighing on sales in the nearterm but the companys longterm growth and profitability outlooks remain intact related link why the chips act is good news for intel bad news for nvidia advanced micro devices a broad rotation out of highgrowth tech stocks coupled with supply shortages has sent the ishares semiconductor etf soxx down 26 yeartodate nvidia is now down 42 in 2022 despite reporting impressive 464 revenue growth in the first quarter nvidia is scheduled to report secondquarter earnings on aug 24 benzingas take expectations are extremely low for nividia heading into its august report creating the chance for a potential relief rally in the stock following the report even after mondays selloff nvidia shares are trading more than 30 times forward earnings and 162 times sales suggesting the stock isnt exactly a value play at this point especially if the company guides for further sales growth weakness in the second half of the year