Earlier, when announcing its second-quarter fiscal 2023 financial results, NVIDIA CEO Jensen Huang confirmed the company's upcoming release of a graphics card specifically designed for the gaming market. Huang also explained that the company had previously overproduced graphics cards, and was currently adjusting prices to reduce inventory pressure.
While many believe the recent significant drop in graphics card prices is due to the waning mining boom, Jensen Huang's explanation suggests this is partly due to NVIDIA overproducing graphics cards. To maintain a healthy inventory level, NVIDIA is currently working to clear excess inventory by adjusting prices.
Jensen Huang stated that they are currently working with channel partners to adjust graphics card pricing and prepare for the upcoming launch of new graphics card products. However, actual pricing will still be determined by individual channel partners, so it may not be reflected in the market's most popular graphics cards or the prices of laptops released by various brands.
In addition to announcing the upcoming launch of new graphics cards, NVIDIA CFO Collette Kress also hinted that the company will seek to increase profits in the gaming market through new businesses.
NVIDIA did not disclose the details of the next graphics card, but it is expected to be based on the previous rumors.Lovelace ArchitectureThe design, which offers higher display performance than the "Ampere" architecture, is expected to be unveiled at the second GTC event of this year, which will be held from September 9th to 19nd.
In the second quarter financial report of fiscal year 2023, NVIDIA said its revenue reached US$67.04 billion, a 65.07% increase from US$3 billion in the same period last year, but a 82.88% decrease from US$19 billion in the previous quarter. Net profit was US$6.56 million, a 23.74% decrease from US$72 billion in the same period last year, and a 16.18% decrease from US$59 billion in the previous quarter.
