In its Q2Q23 results released a few days ago, NVIDIA acknowledged the anticipated decline in gaming across the board, with revenue down 33%, quarterly earnings down 72%, and inventory in the tens of billions of dollars, which is expected to get worse in Q3.
NVIDIA CEO Jen-Hsun Huang said,They will work with retailers to adjust prices to meet market challenges. In other words, RTX 30 series graphics cards will continue to fall in price.
Over the past few months, graphics card prices have dropped significantly, with prices for RTX 30 and RX 6000 series cards dropping by an average of 29% for A cards and 26% for N cards in the U.S. market between April and July.
July was a little bit more subdued, and the latest figures show that prices are still falling in August, but not as dramatically,AMD and NVIDIA graphics cards are down about 6% on average.
After all, the graphics card price of AMD and NVIDIA has been comprehensively lower than the suggested price. Although the manufacturer is eager to clear the inventory, it is not willing to lose money to sell, and there is not much room for price reduction under the current price.
But there's another big test in September: Ethereum Upgrade 2.0,Formally abandoning PoW (proof of work) in favor of PoS (proof of interest),The switch will put an end to graphics card mining altogether and will take place from September 10 to 20.
If the merger goes smoothly, then in September there will be more mining cards are eliminated, these mining cards will be transformed into the second-hand graphics card market, further pull down the graphics card prices, graphics card prices will collapse again to see the big test.
If you haven't bought a card, don't worry, wait for the price change of graphics card in September, and the September GTC conference, NVIDIA is almost certain to release the RTX 40 series graphics card, high play can consider a new card.