- Aug 17, 2014
Graphics giant Nvidia plans to unveil the architecture for its next-generation consumer GPU, Lovelace, at its GTC conference in September, CEO Jensen Huang has said.
On an earnings call for the quarter ended July 31, the company saw revenue decline in the quarter, and forecasts a further decline due to weakening demand in the gaming market. However, the company said it is readying new platforms for launch, and sales to hyperscale and cloud customers are holding up.
Claiming "the fundamentals of gaming are strong," Huang added: "We'll get through this over the next few months and go into next year with our new architecture. I look forward to telling you more about it at GTC next month."
Nvidia reported revenue of $6.70 billion for its second quarter of fiscal 2023, up 3 percent compared with the same period last year, but down 19 percent against the previous quarter, as the company hinted in its preliminary results earlier this month. Nvidia had forecast earnings of $8.1 billion in its last earnings call.
Nvidia revenue hit by falling gamer GPU sales
But graphics giant foresees revenues falling even further in the next quarter as gamer GPU sales drop