NVIDIA expects inventory issues will be gone this quarter

Posted on Friday, February 15 2019 @ 11:41 CET by Thomas De Maesschalck

NVIDIA had a stellar 2018 but the year ended on a sour note as the firm suffered from significant oversupply in the retail channel. During yesterday's earnings call, NVIDIA CEO Jen-Hsun Huang stated the inventory issues are expected to be resolved this quarter, enabling NVIDIA to get back on track:

Jen-Hsun Huang
2018 was a record year but it was a disappointing finish. This quarter, we expect to put the channel inventory issue behind us and get back on track. As the pioneer of accelerated computing, our position is unique and strong. And the opportunities ahead in graphic, high performance computing, AI and autonomous machines remain enormous. We are as enthusiastic about these growth opportunities as ever.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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