Nvidia CEO Jen-Hsun Huang admits to making too many graphics cards and is currently selling them at reduced prices-scripttoolbox.com

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Nvidia CEO Jen-Hsun Huang admits to making too many graphics cards and is currently selling them at reduced prices

time：2023-04-02 10:25:55 source：scripttoolbox.com author：Chassis

Nvidia CEO Jen-Hsun Huang admits to making too many graphics cards and is currently selling them at reduced prices

IT House reported on August 25 that personal computer sales suddenly declined this quarter, and Nvidia, like Intel, was suddenly in trouble. Nvidia today announced the company’s second-quarter earnings for fiscal 2023. According to the report, Nvidia’s second-quarter revenue was $6.704 billion, an increase of 3% compared with $6.507 billion in the same period last year and a 19% decrease compared to $8.288 billion in the previous quarter; net profit was $656 million , a decrease of 72% compared with $2.374 billion in the same period last year and a decrease of 59% compared with $1.618 billion in the previous fiscal quarter; non-GAAP adjusted net profit was $1.292 billion, compared with the same period last year It was down 51% from $2.623 billion and 63% from $3.443 billion in the previous quarter. While second-quarter earnings were underwhelming for Nvidia, it could be the opposite for gamers. Nvidia CEO Jen-Hsun Huang confirmed months of speculation that the company had made too many graphics cards and was now forced to sell them at lower prices, Jen-Hsun Huang said, "We found ourselves with excess inventory, we Our strategy is to sell well below the current level of sales in the market in order to give the channel a chance to correct." Huang Renxun also said: "We have implemented some plans with our partners to price products in the channel. , to prepare for our next-generation products." Huang Renxun's words indicate that in order to sell as many RTX 3000 series graphics cards as possible before the arrival of the RTX 4000 series this fall, Nvidia is currently cutting prices. Of course, this doesn't necessarily mean that graphics cards or gaming laptops are going to get big price cuts right away, as the final price is up to partners and retailers, who of course also have an incentive to clear inventory, but may disguise graphics card price cuts as promotions rather than announcements Comprehensive price reduction. In any case, the price trend of future graphics cards is definitely going down. Jen-Hsun Huang also hinted that the current-generation Ampere GPU will coexist with the next-generation GPU. Second, Nvidia CFO Collette Kress said the company may have new businesses to improve its gaming revenue, saying on the conference call that Nvidia has "a new segment that we plan to use Our gaming technology to pioneer". IT House learned that Nvidia repeatedly emphasized on today's second-quarter 2022 earnings call that despite the sudden drop in revenue, game demand has not actually declined, noting that GeForce sales have still grown by 70% since before the epidemic. .

(Responsible editor：Small parts)

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