Nvidia has a plan to sell them off – well, actually several plans, it seems.
Nvidia has admitted that it has found itself having to deal with an excess of RTX 3000 GPU stock to sell off ahead of the launch of next-gen Lovelace graphics cards – and while further price drops seem likely to stoke current-gen sales, which is clearly good news, we’re not sure how far these cuts will go.
This is all based on comments made by CEO Jensen Huang on a conference call following Nvidia’s Q2 fiscal results, as The Verge (opens in new tab) reports, with the chief exec giving somewhat mixed messaging around this Ampere stock clearance issue.
Huang didn’t make any bones about confirming the RTX 3000 GPU stock situation, mind you, stating plainly that: “We found ourselves with excess inventory. Our strategy is to sell-in well below the current sell-through levels in the marketplace to give the channel an opportunity to correct.”
The CEO added: “We’ve implemented programs with our partners to price-position the product in the channel in preparation for our next generation.”
We have indeed already seen Nvidia announce price cuts on higher-end Ampere graphics cards, and seen the prices of RTX 3000 GPUs fall consistently in recent times – so it seems this is likely to continue, as expected.
However, Huang made a few other comments which are flagged in the report that make us wonder how deep price cuts might go.
