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CLAIM #46737 · NVIDIA Corporation (NVDA) · 2023Q3 earnings call · Nov 16, 2022 · due Jan 31, 2023

We believe Channel inventories are on track to approach normal levels as we exit Q4.

Colette Kress · CFO

PENDING
graded after results covering Jan 31, 2023 are reported

In context

erprise. NVIDIA OBX systems will be available from Inspur, Lenovo and Super Micro by early 2023. We Lockheed Martin and Jaguar Land Rover will be among the first customers to receive OVS systems. We are further expanding our AI software and services offerings with NVIDIA and Bio Nemo large language model services, which are both entering early access this month. These enable developers to easily adopt large language models and deploy customized AI applications for content generation, tech summarization, chatbox, co-development, protein structure and biomolecular property predictions. Moving to gaming. Revenue of $1.57 billion was down 23% sequentially and down 51% from a year ago, reflecting lower sell-in to partners to help align channel inventory levels with current demand expectations. We believe Channel inventories are on track to approach normal levels as we exit Q4. Sell-through for our gaming products was relatively solid in the Americas and EMEA and but softer in Asia Pac as macroeconomic conditions and covered lockdowns in China continued to weigh on consumer demand. Our new Ada Lovelace GPU architecture had an exceptional launch. The first ADA GPU, the GeForce RTX 4090 became available in mid-October and a tremendous amount and positive feedback from the gaming community. We sold out quickly in many locations and are working hard to keep up with demand. The next member of the ATA family, RTX 4080 is available today. The RTX 40 Series GPUs features DLSS 3, the neuro rendering technology that uses AI to generate entire frames for faster game play. Our third-generation RTX technology has raised the bar for computer graphics and help supercharge gami

Verify independently

SEC filings for NVDA · Claim quote is verbatim from the 2023Q3 earnings call.