NVIDIA CEO Jensen Huang Announces ‘Exciting’ Next-Gen GPU Update Next Month

NVIDIA’s CEO just announced that the company will be reducing inventory on its existing models before making the move to the next generation. Jensen Huang is looking forward to the “exciting” upcoming series and he says the Ampere is the most popular GPU they’ve ever worked on. However, there seems to be a small problem that they may have made it a bit too much.

We’ll get through this in the coming months and go into next year with our new architecture. I look forward to telling you more about it at GTC next month.

I’m looking forward to next month’s GTC conference where we’ll share new developments from RTX reinventing 3D graphics and gaming.

— Jensen Huang, NVIDIA CEO at Q2 2022 Earnings Call

The company’s CEO has confirmed that they are dealing with “excess inventory” of the GeForce RTX 30 series. Stock is sufficient to spend as is, but pricing is also affected, especially in regions outside of the US and China. We regularly get reports of price cuts on high-end models, usually from stores in the US and China, but this may not always be the case in other regions.

NVIDIA now works alongside partners to resolve the price situation while waiting for the next generation. So far, there doesn’t seem to be any official news about price cuts.


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