Nvidia books $1.32b inventory charge as PC market slows

The slowdown in retail spending is taking a toll on Nvidia, which is reporting hefty double digit declines in its Gaming unit, and charges of $1.32 billion, primarily related to inventory and the wider economy. The GPU giant today reported prelims showing a 3 percent rise in turnover to $6.7 billion for Q2 of its fiscal 2023 …

[Anonymous Coward]

Which major console is nvidia supplying the graphics subsystem for again?

And meanwhile in PC-land, those seeking "value" all are basically forgotten. The company that releases a good medium range card is the one that will take the market.

[anonymous boring coward]

NVidia has amazing medium range cards. They have just been unobtainable due to crypto miners. Hopefully this will change now.

[Anonymous Coward]

s/gaming/cryptocurrency/g

[devin3782]

I'm sure your products are excellent Mr Jensen, the problem is they're simply too expensive

[b0llchit]

Not only expensive as cards but also crippled for cryptocurrency use and major, major expensive in energy usage with electricity prices going through the roof.

[Steve Kerr]

Yup - charging significantly over MSRP whilst not actually dropping the prices to lower than the original MSRP for cards which are a couple of years old now.

So yeah, you're stuck with inventory because you're unwilling to drop the prices to something more acceptable to the market.

It's why I'm still using an 8 year old graphics card because I'm not paying those prices for yesterdays technology. Charging a premium for bleeding edge I can understand.

AMD have seen the writing on the wall and are starting to drop prices, Nvidia have their heads in the clouds still riding the crypto boom (and bust)