NVIDIA released its Q2 earnings report for fiscal year 23 not long ago, as previously expected, the game business fell 33%, the price of graphics cards fell sharply, and now the inventory backlog is still serious, CEO Huang Renxun said he would work with graphics card manufacturers to adjust prices, graphics card prices are expected to continue to fall in September. The same are facing the problem of inventory adjustment, continue to reduce prices also did not run.
We all know the reason for this wave of graphics card price cuts – the mining market collapsed in the first half of this year, miners are no longer scrambling to buy graphics cards, the number of gamers buying them obviously can’t hold up the graphics card premium, and with the outflow of mining cards into the used graphics card market, the graphics card market can only change.
However, for NVIDIA, they have not been able to clarify the impact of mining cards – they had this attitude when mining cards were soaring, and now that mining cards have fallen and graphics card prices have declined, NVIDIA’s attitude remains the same, as CFO Colette Kress recently re-emphasized.
Colette Kress said that the volatility of cryptocurrencies – including price drops or changes in verification transactions, such as proof of work or proof of equity – has affected and may affect our product demand and our ability to evaluate it in the future.
Colette Kress emphasized that NVIDIA is unable to accurately quantify the extent to which reduced cryptocurrency mining will impact the decline in demand for gaming graphics cards.
