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

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Pinwan News on August 25, according to IT House , Nvidia admitted on its second-quarter 2022 earnings call that the company made too many graphics cards and was now forced to sell them at lower prices, Huang said, “We found ourselves with excess inventory, and our strategy was to Sell ​​at levels well below what is currently on the market to give the channel a chance to correct.”

Huang Renxun also said: “We have implemented some plans with our partners to price-position products in the channel to prepare for our next-generation products.”

Jen-Hsun Huang’s words indicate that Nvidia is currently cutting prices in order to sell as many RTX 3000 series graphics cards as possible before the RTX 4000 series arrives this fall .

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”.

The Nvidia conference repeatedly emphasized that despite the sudden drop in revenue, demand for games hasn’t actually dropped, noting that GeForce sales are still up 70% since pre-pandemic.

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