CLAIM #46763 · NVIDIA Corporation (NVDA) · 2023Q3 earnings call · Nov 16, 2022 · due May 16, 2025
“We don't expect to see blockchain being an important part of our business down the road.”
Jensen Huang · CEO
In context
“very, very clear that the public cloud side of the business is going to be very large. And so, increasingly, our relationship with CSPs, our relationship with hyperscalers will -- will include, of course, continuing to sell to them for internal consumption but very importantly, sell with for the public cloud side. Operator: Your next question comes from the line of Joseph Moore with Morgan Stanley. Your line is now open. Joseph Moore: Great. Thank you. I wonder if you could talk to looking backward at the crypto impact. Obviously, that's gone from your numbers now, but do you see any potential for liquidation of GPUs that are in the mining network, any impact going forward? And do you foresee blockchain being an important part of your business at some point down the road? Jen-Hsun Huang: We don't expect to see blockchain being an important part of our business down the road. There is always a resell market. If you look at any of the major resell sites, eBay, for example, there are secondhand graphics cards for sale all the time. And the reason for that is because a 3090 that somebody bought today, is upgraded to a 4090 or 3090 by a couple of years ago, it was up are until 4090 today. That 3090 could be sold to somebody and enjoyed it sold at the right price. And so, the volume of -- the availability of secondhand and used graphics cards has always been there. And the inventory is never zero. and when the inventory is larger than usual, like all supply demand, it would likely drift lower price and affect the lower ends of our market. But my sense is that where we're going right now with ADA is targeting very clearly in the upper range, the top half of our mark”
Verify independently
SEC filings for NVDA ↗ · Claim quote is verbatim from the 2023Q3 earnings call.