during Earnings call for Q2 FY2023NVIDIA CEO has confirmed that next-generation GPUs, the GeForce RTX 40 series, are coming very soon.
NVIDIA CEO Next Generation GeForce RTX 40 GPUs Launch: “Exciting next generation is coming”, Announcement in September?
NVIDIA’s second quarter this year was brutal, with gaming revenue falling to 44% and 33% year-on-year, respectively. You can read the full earnings report prepared by our finance team here. but what we’re going to talk about is the fact that NVIDIA’s CEO, Jensen Huang, has confirmed that their next-gen GPU is coming.
NVIDIA confirmed price adjustment on existing graphics cards made a proposal to get rid of excess inventory to make room for a new generation of products. Jensen states that next generation graphics cards and GPU architecture will be really exciting, and you can read it in the description below:
Our strategy is to reduce sales to allow channel inventory to be adjusted – reducing sales this quarter, next quarter. Frankly, we are far from highs and the macro situation has deteriorated sharply. So our first strategy is to reduce sales over the next few quarters to fix channel inventory. We have also created programs to price our existing products to prepare for the next generation of products.
Ampere is the most popular GPU we’ve ever created. The 15 most popular games on Steam are on GPU. And it remains the best GPUs in the world and will be very successful for a while. However, the exciting next generation is coming and it will be layered on top of it. And so we got — we did two things. We reduced sales to ensure channel inventory was corrected and Together with our partners, we have implemented programs to price products in the channel to prepare for our new generation.
All that we expected was on track to be in good standing as we head into next year. eyes? So that’s our game plan.
NVIDIA CEO – Jensen Huang (Q2 2023 Earnings Call)
More importantly, Jensen also gave us a hint that we might hear more about the next-gen gaming GPU architecture. next month at GTC 2022. The next iteration of NVIDIA GTC will take place on September 19 and will run until September 22, with the CEO’s keynote expected to take place on September 20.
At Gaming, our partners and ecosystem are responding to the sudden slowdown in consumer demand and correcting channel inventory. Still, the fundamentals of the game are strong. In the next few months we will surpass this and enter the next year with our new architecture. I can’t wait to tell you more of that at GTC next month.
I look forward to next month’s GTC conference where we will share the new developments of RTX, which is reinventing 3D graphics and gaming.
NVIDIA CEO – Jensen Huang (Q2 2023 Earnings Call)
So it looks like we’re going to make a more or less official announcement in September next month. This is definitely not a launch event for the next generation GeForce RTX 40 series, but rather an announcement/announcement. We’re definitely looking forward to what NVIDIA has to offer for the gaming community.
