Especially in the lower price range.
At the quarterly reporting conference of the company, NVIDIA CFO Collette Kress paid some attention to the events of the cryptocurrency market at the stage of preparing her report, which was not quite typical of previous reporting periods. The transition of Ethereum to a new principle of network functioning, as the representative of the company explained, contributed to the appearance on the secondary market of a certain number of used video cards, and this reduced the demand for new video cards of the brand in certain regions of the planet. Most strongly, as Colette Kress emphasized, this was expressed in the lower price segment.
Image Source: NVIDIA
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NVIDIA CFO expressed hope that the level of stocks of finished products will normalize by the end of the current quarter. The company’s management believes that according to the results of the fourth fiscal quarter, which will end by February next year, NVIDIA will be able to earn about $6 billion. At least, the company no longer expects a decrease in revenue in the current period, which somewhat reassures investors. As emphasized in the NVIDIA report, the supply of specialized CMP accelerators for the needs of professional miners in the third quarter did not significantly affect the company’s revenue, although it brought about $105 million a year ago.