NVIDIA CEO Confirms Inbound GeForce RTX 40 GPU “Thrilling New Era”, Launch Is Trace For Late September

Forever earnings call for Q2 FY2023The NVIDIA CEO confirmed that the next generation of GPUs, the GeForce RTX 40 series, is coming soon.

NVIDIA CEO About Launch of Next-Gen GeForce RTX 40 GPU: “We have a new generation coming”, Announcement in September?

NVIDIA’s second quarter of the year was brutal, with gaming revenue dropping to 44% respectively & 33% annually. You can read the full earnings report by our Finance team here but what we’re going to talk about is the fact that NVIDIA CEO Jensen Huang has confirmed that the next generation of GPUs is on the way.

NVIDIA confirmed that price adjustments on existing graphics cards came in an effort to get rid of excess inventory to make room for the next generation of products. Jensen stated that the next generation graphics card and GPU architecture will be very interesting which you can read from the statement given below:

Our strategy is to reduce sales — reduce sales this quarter, next quarter to improve channel inventory. Obviously, we dropped from the highs, and macro conditions took a sharp turn for the worse. So our first strategy is to reduce sales in the next few quarters to improve channel inventory. We have also instituted a program to price our current products to prepare for the next generation of products.

Ampere is the most popular GPU we’ve ever built. It’s in the 15 most popular gaming GPUs on Steam. And it remains the best GPU in the world, and will be very successful for quite some time. However, we have an exciting new generation coming up and it will be layered on top of that. So, we’ve taken — we’ve done two things. We have reduced sales to allow channel inventory to be improved and we have implemented a program with our partners to price products in the channel in preparation for the next generation.

All of this we anticipate working towards a path to be in good shape heading into next year. Okay? So, that’s our game plan.

NVIDIA CEO – Jensen Huang (Q2 2023 Earning Call)

What’s even more important is the fact that Jensen also hinted at us that we could hear more about the next generation of gaming GPU architecture with next month at GTC 2022. The next iteration of NVIDIA GTC will take place on September 19 and run through September 22 while the CEO keynote is expected to take place on September 20.

At Gaming, our partners and ecosystem respond to a sudden drop in consumer demand and improve channel inventory. However, the basics of the game remain strong. We’ll get past this over the next few months and into next year with our new architecture. I look forward to telling you more about it at GTC next month.

I’m looking forward to next month’s GTC conference, where we’ll share new advances from RTX reinventing 3D graphics and games.

NVIDIA CEO – Jensen Huang (Q2 2023 Earning Call)

So it looks like we’ll more or less get the official reveal next month in September. This is definitely not a launch event for the next generation GeForce RTX 40 series lineup, but rather an announcement/unveiling. We’re really looking forward to what NVIDIA has in store for the gaming community.

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