NVIDIA CFO Expects GPU Inventory To Remain Stable During This Quarter
Recently, Nvidia announced its financial results for the first quarter of the fiscal year 2023, showing that the hot sales of GPUs drove the growth of revenue, and the two-pillar businesses of gaming and data center achieved record results. While revenue beat analysts’ expectations, net profit fell short of expectations, and revenue in the fiscal second quarter is expected to fall by $500 million due to the coronavirus and geopolitical impacts.
According to Wccftech, Nvidia Chief Financial Officer (CFO) Colette Kress said that Nvidia GPU inventory costs have risen at present, and it needs to deal with complex supply chain issues and difficult semiconductor industry issues. Due to longer lead times in the supply chain and the impact of shortages, Nvidia has more than doubled its long-term purchases amid heightened uncertainty, which also increases the risk of excess inventory.
It is reported that Nvidia is considering delaying the launch of the new generation of GeForce RTX 40 series in order to help partners digest the inventory as much as possible.