NVIDIA Says GeForce RTX 4090 Sold Out in 2 Weeks and Stocks Are Stabilizing


NVIDIA Says GeForce RTX 4090 Sold Out in 2 Weeks and Stocks Are Stabilizing
Written by madishthestylebar

NVIDIA CFO Colette Kress highlighted some important aspects of their gaming business, including existing inventory in channels and their recent launch of the GeForce RTX 4090/4080.

NVIDIA Reports Strong GeForce RTX 4090 ‘Ada’ Graphics Card Sales and Reseller Inventory Stabilization

Colette Kress, CFO of NVIDIA, said there has been a lack of GPU shipments in the gaming segment for some time. This information was revealed at the 26th Annual Credit Suisse Tech Conference. We know that the market has recently been flooded with an excess of second-hand GPUs due to the end of the cryptocurrency craze and the falling prices of last-gen GPUs, both in the retail market that on the used market there was little or no demand for additional GPUs.

That said, NVIDIA is now beginning to refresh its older RTX 30 GPUs with new offerings and resume shipments to stabilize inventory and its channel backlog.

The company expects its distribution network inventory return to normal by the end of the fourth quarter and to what shipments resume from the first half of 2023. The company also plans to strengthen its distribution network for the launch of Ada and all other Ada-based GPUs (desktops/workstations/laptops) that will come to market.

So we were under-expedited. We have been undershipping games at this time so we can correct this inventory in the channel.

And as we said, we expect, hopefully, by the end of the fourth quarter, as we get closer to the end of the fourth quarter, that we’ll be in a strong position for that. This means that as we move forward, we will begin to climb back up. We will reach a certain point of equilibrium between sales and redemptions. And then we’ll probably get to the point where we’ll sell to build the channel for our Ada launch and any additional Ada products that we see coming to market. »

Colette Kress, Chief Financial Officer of NVIDIA

Kress also points out that NVIDIA’s GeForce RTX 4090 and RTX 4080 are still in their infancy. We know from our previous reports that NVIDIA has shipped around 160,000 RTX 40-series graphics cards since mid-November. That number might be higher now, but we also know that the bulk of the shipments include the GeForce RTX 4090 graphics card which was the biggest launch in the Ada family so far.

The NVIDIA GeForce RTX 4080, on the other hand, hasn’t garnered as much interest as the RTX 4090 due to its poor performance relative to the dollar. Even the resellers who got the cards and tried to sell them at absurd prices are just selling them at the MSRP price since no one cares.

Ada is only in the first days of expedition. We’ve shipped one of our very high end cards, the 4090, and our 4080 is just starting to sell out as well. »

Colette Kress, Chief Financial Officer of NVIDIA.

It is also pointed out that NVIDIA’s GeForce RTX 4090, despite being the flagship with a starting price of US$1599, sold out in 2 weeks. We know that NVIDIA initially shipped 100,000 cards (GeForce RTX 4090), so it’s very impressive if the chipmaker managed to sell their entire stock in less than 2 weeks.

Our launch Ada, 4090 when it came out, yes it was only the very first card and the high end card, it was sold out in 2 weeks. So we’re very happy to see something that was a snap for us, that we knew that gaming, whatever the time of year, whatever the situation, is still a very big entertainment industry. »

Colette Kress, CFO of NVIDIA

NVIDIA also highlighted their popularity by including numbers from Steam’s hardware survey. The company says the first 15 cards in the SHS are from NVIDIA. The GTX 1650 recently took the top spot with a 6.27% market share, followed by the GTX 1060 with a 5.77% market share and the RTX 2060 taking third place as the only card “RTX” chart with a market share of 4.64%. Neither the RTX 4090 nor the RTX 4080 have appeared in the Steam hardware survey so far, but they should start taking market share by Q1 2023.

nvidia graphics card survey on steam
We’ve seen great new players join this market and take advantage of the leadership we have in terms of games. Not only is Ada a leader in the industry, but Ampere is too. Architectures number 1 and number 2 are therefore NVIDIA architectures. We continue to observe what we see in terms of Steam. Steam still has an all-time high of online players, games. And the top 15 cards on Steam are NVIDIA cards, all 15 out of 15. So this is an area where gamers will be gamers for life. And we watch this industry in both good times and bad times. It’s a sport that’s economical because you can choose many different form factors at different price points for the game you want to play. »

Colette Kress, CFO of NVIDIA

NVIDIA should launch graphics cards GeForce RTX 40 more mainstream in first half of 2023 and in particular the RTX 4070 Ti which is none other than the stillborn RTX4080 12 GB. The company recently scored high in the latest discrete GPU market share report, claiming up to 88% market share according to the JPR report. We can expect this trend to continue in the coming quarters until NVIDIA and AMD enter the mid-range segment where the majority of market share comes from.

#NVIDIA #GeForce #RTX #Sold #Weeks #Stocks #Stabilizing


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