Jensen could pawn some of his leather jackets to recoup that cash. Maybe this will teach them to wise up with their pricing in the long term.
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The Financial Results Thread
- Thread starter Kaapstad
- Start date
Jensen could pawn some of his leather jackets to recoup that cash. Maybe this will teach them to wise up with their pricing in the long term.
Soldato
Nvidia stock is about to take another big hit, estimated reports of only hitting $2.2 billion Vs estimated $2.7 billion. They have blamed poor sales of high end Turing based graphics cards as one of the main reasons.
Prices cuts incoming next month, or the next quarter at the latest.
Prices cuts incoming next month, or the next quarter at the latest.
Soldato
- Joined
- 19 Oct 2008
- Posts
- 6,003
Haven't even announced their results yet either.
Bit of a big blip now in their stellar growth over the last 4-5 years. I think they're taking hits from all directions at the moment, including sentiment over RT, mining of course, economic slowdowns. Also of course simply lack of games using their new tech. Can't even get DLSS out there(in BFV) with the 2060 release after they touted good performance with "RT ON" from the 2060 with it.
Still reckon it's a blip though. RT is great tech, if it is a little before it's prime. Probably a bad year or longer for NV and AMD but AMD's strength will be from their CPU fight with iNtel.
Not sure about price cuts - they need to get the tech out their and impressing folks more which will create demand. Or maybe a combination of the two
Bit of a big blip now in their stellar growth over the last 4-5 years. I think they're taking hits from all directions at the moment, including sentiment over RT, mining of course, economic slowdowns. Also of course simply lack of games using their new tech. Can't even get DLSS out there(in BFV) with the 2060 release after they touted good performance with "RT ON" from the 2060 with it.
Still reckon it's a blip though. RT is great tech, if it is a little before it's prime. Probably a bad year or longer for NV and AMD but AMD's strength will be from their CPU fight with iNtel.
Not sure about price cuts - they need to get the tech out their and impressing folks more which will create demand. Or maybe a combination of the two
LOLOL poor sales of a ridiculously priced card? Who woulda thought it? Jesus christ, Nostradamus would have had a good chance of getting that one right. And their bundled space invaders game didn't help matters.
Maybe this will be the boot in the balls they need to price their cards at a realistic level.
Soldato
Yep might do a bounce but looking at a few analyst reports they are sticking to a sell rating, and a couple even have this pegged at sub $100 by the end of the second quarter. So maybe some good trading but not a good short term hold imo.
Soldato
I imagine their costs are too high to do that, they are stuck in a hard place. They need the premium customers in specialist fields like AI
Soldato
The sheep are getting wise to Nvidia's constant price hikes, £1100 gaming gpu lol.
NVidia pricing at the moment is an appalling business model and will cost them a lot in the years to come.
People remember.
This is my long term hold. I was just starting to think about what to buy this month then bam. Thanks very much.
Could well be a lower bottom in the H1 but looking beyond that it's pretty rosy. Only concern would be Intel absolutely knocking it out of the park with their discrete GPUs but not holding my breath on that one. Can hedge that easy enough with some Intel.
Caporegime
- Joined
- 18 Oct 2002
- Posts
- 30,798
Have to agree, they've been awfully callous towards gamers in general with their pricing (mainly switching the Ti upto stupid). Hopefully it'll bite them on the ass for a good while!
Soldato
- Joined
- 21 Apr 2007
- Posts
- 2,544
Funny how Nvidia aren't acknowledging a price problem for the 2080 line, I guess they would see it as managing the excess mid-range stock by pricing out the new range with untested market features.
Soldato
Good, they can go RTX themselves.
hahaha
Partially true, however it could have been more damaging saying that the losses are at the datacenter (GPU) segment, where AMD is eating Nvidia's marketshare very fast.
Businesses rarely come out and say "Sorry we've overpriced our latest line of products".
Associate
- Joined
- 15 Feb 2015
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- 1,064
It's far easier to blame China
Though on a related note it is interesting to now hear that even Apple is thinking of reducing it's pricing to bump up flagging sales - to be fair they do have a fairly sizable margin to play with - whilst it's unclear what it costs NVidia to manufacture the 20 series.
Soldato
So AMD are putting a reduction in business down to the to much stock and the collapse of GPU block chain mining, odd there is no mention of the softing Chinese economy that Jensen has blamed for Nvidia's decline.
Soldato
Work smarter not harder should generally be the paradigm of technology but Nvidia may not recognise or even have any alternative to the increasingly expensive line they have taken
If anyone talks about the Chinese market weakening, markets **** the bed. Not entirely sure what Jensen was thinking on that one.
Nice bump for AMD though and they're helped NVDA claw some back.
Personally I think they'll both have a good 2019. Now NVDA has their mainstream cards coming to market that should give them some scope to drop prices on the higher tier cards and get some volume going.
Nice bump for AMD though and they're helped NVDA claw some back.
Personally I think they'll both have a good 2019. Now NVDA has their mainstream cards coming to market that should give them some scope to drop prices on the higher tier cards and get some volume going.