Speaking to journalists at last week's CES show, NVIDIA CEO Jen-Hsun Huang stated that the company's problems with excessive inventory in the channel are almost resolved. The higher-end Pascal video cards have all "sold out", but there's still excess inventory of the GeForce GTX 1060. Huang estimates it will take several more weeks for the 1060s to sell out, after that it will be back to business for NVIDIA:
Question: Can you tell us more about your problem with excess inventory and how that will be resolved?
Huang: It’s completely a crypto hangover issue. Remember, we basically shipped no new GPU in the market, to the channel, for one quarter. But the amount of excess inventory and market demand, channel velocity — you just have inventory divided by velocity, and that’s time. We said that it would take one to two quarters for all the channel inventory to sell out. 1080Ti has sold out. 1080 has sold out. 1070 has sold out. 1070Ti has sold out. In several more weeks 1060s will sell out. Then we can go back to business.