During its earnings name for Q2 FY2023, NVIDIA’s CEO confirmed that their next-generation GPUs, the GeForce RTX 40 collection, are coming actual quickly.

NVIDIA CEO On Next-Gen GeForce RTX 40 GPUs Launch: “We do have exciting new next-generation coming”, Announcement in September?

NVIDIA’s second quarter this 12 months has been brutal, with gaming income dropping all the way down to 44% sequentially & 33% yearly. You can learn the complete incomes report by our Finance crew right here however what we’re going to speak about is the truth that NVIDIA’s CEO, Jensen Huang, has confirmed that their next-generation GPUs are inbound.

NVIDIA confirmed that its worth adjustment on current graphics playing cards got here in a bid to do away with extra stock to make room for the subsequent era of merchandise. Jensen states that the next-generation graphics playing cards and the GPU structure goes to be actually thrilling which you’ll be able to learn from the assertion offered under:

Our technique is to cut back the sell-in — cut back the sell-in this quarter, subsequent quarter to let channel stock right. Obviously, we’re off the highs, and the macro situation turned sharply worse. And so, our first technique is to cut back sell-in within the subsequent couple of quarters to right channel stock. We’ve additionally instituted applications to cost place our present merchandise to arrange for next-generation merchandise.

Ampere is the preferred GPU we’ve ever created. It is within the prime 15 hottest gaming GPUs on Steam. And it stays one of the best GPUs on the planet, and it will likely be very profitable for a while. However, we do have thrilling new next-generation coming and it’s going to be layered on prime of that. And so, we’ve taken — we’ve carried out two issues. We’ve decreased sell-in to let channel stock right and we’ve applied applications with our companions to cost place the merchandise within the channel in preparation for our subsequent era.

All of this we anticipate had been working in the direction of a path to being in a fine condition going into subsequent 12 months. Oka? So, that’s what our game plan is.

NVIDIA CEO – Jensen Huang (Q2 2023 Earnings Call)

NVIDIA GeForce RTX 4080 & RTX 4070

What’s extra vital is the truth that Jensen additionally gave us a touch that we will hear extra in regards to the next-generation gaming GPU structure by subsequent month at GTC 2022. The subsequent iteration of NVIDIA GTC goes to happen on nineteenth September and final until twenty second September whereas the CEO keynote is predicted to happen on twentieth September.

In Gaming, our companions and ecosystem are responding to a sudden slowdown in shopper demand and correcting channel stock. Still, the basics of gaming are sturdy. We’ll get by this over the subsequent few months and go into subsequent 12 months with our new structure. I stay up for telling you extra about it at GTC subsequent month.

I stay up for subsequent month’s GTC convention, where we are going to share new advances of RTX reinventing 3D graphics and gaming.

NVIDIA CEO – Jensen Huang (Q2 2023 Earnings Call)

So it seems like we’re roughly going to get an official to unveil subsequent month in September. This will certainly not be a launch occasion for the next-generation GeForce RTX 40 collection lineup however extra so an announcement/unveil. We undoubtedly stay up for what NVIDIA has in retailer for the gaming group.