Nvidia reduces revenue prediction due to video card demand.

Discussion in 'Frontpage news' started by Hilbert Hagedoorn, Aug 8, 2022.

  1. tunejunky

    tunejunky Ancient Guru

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    you aren't wrong but i will nit-pick:oops:

    the bloom is off of the mining rose. the base numbers are there and those will continue to mine other crypto than ETH... BUT (nit pick coming) the rate of growth in this sub-market has slowed to a (metaphorical) crawl.
    Nvidia had made a bet on the growth rate to continue rising for mining and they bet wrong (obviously).

    i am part of Nvidia's market cap (incredibly small overall but still..)
    over production and the over estimation of demand is always bad.
    this doesn't affect Nvidia's viability as a company but it does affect wages and morale, plus leads to second guessing (appropriate or not). some people may be fired.

    technologically this comes at the worst possible time for Nvidia and a lot of the market forces are and will be squeezing further profitability as Nvidia has already picked all the low hanging fruit of structural and personnel changes, while the costs of infrastructure expansion have soared and been delayed because of Covid. it is Very Hard to get personnel to physically come to all the spanking new facilities.
    this is a problem throughout Silicon Valley and some have it even worse (Google).

    AMD however sold off their signature campus (like GloFlo) and has rented. which saves them millions from not having to service the debt or pay real estate taxes. AMD employees have little issues about return to work.
     
  2. Fediuld

    Fediuld Master Guru

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    The 5700XT serves me well past 3 years and seems will do the foreseeable future.
    All the games works well at 1440p and usually 25-30% faster than Windows, as I am using Clear Linux. (I know the irony on a full AMD machine but..,..)
     
  3. icedman

    icedman Maha Guru

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    Europe doesn't always get shafted most ppl just fail to account that in the EU there's already a 20% vat tacked on and in Canada for example we pay 13% when we buy it that u guys don't see and the US has the best prices and lowest taxes overall but again the tax is tacked on when the card is purchased so it looks cheaper than it is
     
  4. Freeman

    Freeman Master Guru

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    upload_2022-8-9_19-48-45.png

    Looking Strong.
     

  5. tunejunky

    tunejunky Ancient Guru

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    of course he has to say that.
    and not everyone will still have their jobs at the same position and may have a harder time to reach incentives.

    the reality is their employees are in the most expensive place to live in America.
    most rents far exceed mortgages elsewhere and the cost of living is the highest.
    anywhere else in America i might be considered wealthy, here i'm middle class because of the high costs.

    i've been a stockholder for well over 15 years and i know posturing when i see it.
    notice no mention here of what's buried in the financials... like losing 20% re: mining
     
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  6. Freeman

    Freeman Master Guru

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    It does look like "posturing".
    I didn't include all what he said
    They will cut all wasted processes, recourses and materials.... "But not staff".
    We will see.
    I'm taking notes.
     

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  7. Astyanax

    Astyanax Ancient Guru

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    look at all these clowns that think forward projections are so simple that nvidia must have sold gpu's to miners directly from the gaming line.

    lmao.

    No, nvidia is downcasting because of the gpu's sold by MSI directly to miners, and the cards miners bot-purchased in mass from etailers re-entering the market as second hand.
     
  8. fantaskarsef

    fantaskarsef Ancient Guru

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    Cards sold do not equal GPUs sold, which is what actually gets Nvidia revenue. Once those GPUs are sold Nvidia does not earn or lose money based on card prices (inflated ones in mining boom and supply issues, deflated ones when selling off stacked up inventory before next gen's launch). The reaction from graphics cards sales to GPU sales is an indirect, timely delayed one.
    I'd be more curious to see how the AIBs are now ordering / reserving GPUs at Nvidia compared to Ampere's launch, to see if there really is a decline in these numbers.
     
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  9. Mohammad Hassan

    Mohammad Hassan New Member

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    I can afford $200 for a GPU and I am not happy with 1630. So I chose to go with AMD.
     
  10. -Tj-

    -Tj- Ancient Guru

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    So when will EU shops follow and lower prices?
     
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  11. mackintosh

    mackintosh Master Guru

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    Most GPUs in Poland have dropped in price by up to 50% since January, I'd call that lowering prices.

    Ok, I did some more digging, lowest drop I found was on 3090Tis, ~32%, highest on stock 3090s and 3060s, ~56%.
     
    Last edited: Aug 10, 2022
  12. toyo

    toyo Master Guru

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    A RTX 3070 is 650 Euro where I live.
    A GTX 1070ti was 450 Euro.
    A GTX 970 was 325 Euro.
    And this is coupled with post-pandemic austerity, war economies, incoming winter with likely huge electricity and gas prices.
    No thanks.
     
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  13. -Tj-

    -Tj- Ancient Guru

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    well, rtx 3080 is still 800-830e and it won't budge from that., mrsp price for 2yr old tech..
     
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  14. KissSh0t

    KissSh0t Ancient Guru

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    Yeah I'm still waiting for 60 series to go back down to normal pricing but most of them are still literally double the normal price of where 60 series historically have been priced at.
     
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  15. tunejunky

    tunejunky Ancient Guru

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    if either Nvidia or AMD were private companies then they could lower retail pricing for competitive advantage and just earn a lower profit for a generation. but they cannot.

    the first responsibility for both is not enthusiasts, it's stockholders who expect a return on their investment.
    this is true for every publicly listed company in the world.
     
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  16. wavetrex

    wavetrex Ancient Guru

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    Bad news:
    ETH global hash rate is increasing again, along with prices for GPUs in all classes.
    This follows a significant and steady increase in ETH "price", from the low 900'ish about 1.5 months ago to over 1900 today

    Looks like we, gamers, are not out of the woods yet :(
     
  17. Horus-Anhur

    Horus-Anhur Ancient Guru

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    [​IMG]
     
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  18. tunejunky

    tunejunky Ancient Guru

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    isn't the changeover to POS mining going to impact GPU hashing by itself?
    honestly asking as i do not mine
     
  19. fantaskarsef

    fantaskarsef Ancient Guru

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    They're just going to switch to Ethereum classic or some other algo, don't worry...
     
  20. Exodite

    Exodite Ancient Guru

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    When everything else turns to crap I expect that particular acronym to still be able to brighten my day! :D
     
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