11-16-2018, 09:53 PM
https://www.tomshardware.com/news/nvidia...38083.html
Quote:Nvidia announced its third quarter financial results, but a worrying glut of graphics cards in the channel, which Nvidia CEO Jensen Huang chalked up to a "Crypto hangover," impacted overall earnings and guidance. The news sent the company's stock plummeting 18% in after-hours trading. Nvidia expects the oversupply to require "one to two" quarters to recede.
The oversupply specifically impacts Nvidia's GTX 1060 graphics cards, which could result in a delay in shipments of Nvidia's forthcoming Turing 2060 cards because Nvidia will surely wait for the existing stock to be liquidated before it floods the market with newer, faster video cards in the same price range.
AMD also released the RX 590 yesterday, which it designed specifically to compete with the GTX 1060. That could complicate matters for Nvidia as it tries to liquidate the excess inventory. The inventory announcement overshadowed the record revenue generated by several of the company's key segments, like data center and automotive.