Nvidia lowered its Q4 revenue guidance just before the stock market opened on Monday (January 28), CNBC reports. The statement mentions "weaker than forecasted sales of its Gaming and Datacenter platforms," and the company suggests that "deteriorating economic conditioning in China" played a role. As of this writing, shares had dropped almost 15 percent after the market opened.
The company suggested that management of the excess inventory due to the cryptocurrency boom went as expected, but that sales of "certain high-end GPUs using Nvidia's new Turing architecture" didn't meet expectations because some customers are "waiting for lower price points and further demonstrations of RTX technology in actual games."
Trying to get customers to pay for your "excess inventory" woes was bound to find a limit.
At these prices, these cards are simply not worth it. My 1080ti is going to be my card for a long time it seems; unless prices fall dramatically or AMD (or Intel for that matter) puts a card out that can compete. Doesn't have to be a world beater, but a competent, high end card that's not a "sidegrade".
"Let us cross over the river and rest under the shade of the trees."
Not really surprising since they were dealing with oversupplying problem due to mining crash and now the mining bubble has popped, we are now seeing the true picture of actual demand and sales. Always thought Nvidia stock was way overvalued since mining sales inflated their expected future growth.
Didn't NV forced the AIB partner to buy all the excessive GPU stock if they want to get the new RTX cards? so they made their balance sheet look better even after mining bubble burst? so now they have very low sales since those are more realistic numbers.
I guess this is good news for gamers? Nvidia had to see where the line was in regards to pricing and they found it! Maybe we get the next gen Ti below $1000. We'll see. Vega 7 also dropping late next week. It'll be an interesting battle for the high-end.
This is what happens when you "Titan Z" multiple price points.
Farewel happy Fields; Where Joy for ever dwells; Hail horrours, hail; Infernal world, and thou profoundest Hell; Receive thy new Possessor; One who brings; A mind not to be chang'd by Place or Time; The mind is its own place, and in it self; Can make a Heav'n of Hell, a Hell of Heav'n.