Over the past few years, the issue of lack of GPUs in the market has resulted in them being difficult to buy and even if sold at a price more expensive than the recommended price set by the manufacturer. This is due to the shortage of chips and GPUs wholesaled by crypto miners.
But in the financial report for the second quarter of 2022 announced this week, Jensen Huang who is the CEO of the company announced that they now have excess inventory of GeForce RTX3000 series GPUs. Demand for PC components is back on the decline post-pandemic and plunging crypto values.
Therefore NVIDIA will start to reduce the price for the RTX3000 series before the RTX4000 series is launched in the near future. This is certainly good news for those who have been waiting for cheaper GPU prices and the solution to the problem of shortage of stock of NVIDIA products seems to be over.
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