Nvidia says it built too many GPUs — expect sales while it works on something ‘new’
PC sales abruptly tanked this quarter, so Nvidia, like Intel, is suddenly under the gun. What are you going to do about the billions of dollars of growth that just went up in smoke, investors tend to ask! But while that’s an annoying situation for Nvidia during today’s Q2 earnings, it’s an intriguing one for gamers like you and me — because Nvidia tried to placate those investors by revealing that exciting things may be on the way.
First: discounts! Nvidia CEO Jensen Huang confirmed what we’ve suspected for months: Nvidia actually built too many gaming GPUs and is now being forced to sell them for less money. “We found ourselves with excess inventory,” says Huang. “Our strategy is to sell-in well below the current sell-through levels in...