Nvidia: “Ampere is our biggest release. Our quarter would have been the same with or without miners"

Colette Kress, the CFO of Nvidia, during a Raymond James Institutional Investors Conference, revealed that its line of graphics cards based on the Ampere architecture (GeForce RTX 30 Series), had been, probably, the best launch of the company, until the point that their quarterly income would have been practically the same with or without the trend of miners buying all possible graphics to set up their mining farms.

"At the beginning of last year we launched our Ampere-based GeForce RTX 30 series gaming GPUs and it has been a huge success, probably the most successful gaming launch we've had to date. With a second-generation RTX, we now also have a list of more than three dozen games for the RayTracing and simply a strong performance improvement with our RTX 30 series, the demand has been incredible.

We started the launch of that product, starting with several of our high-end cards. Our 3070, 3080, and 3090 have been on the market for several months now. During this period of time, the capabilities of the 3000 Ampere series are being demonstrated not only for our true gamers but also to support the creators and streamers who use it. So we hope that the RTX 30 series will continue to release new products as we move forward.

The latest product we have launched has been the RTX 3060. The 60 series is a sweet spot for gamers, with great performance at a great price. The 60 series is essentially preferred by our iCafes (Internet cafes) that you will find in the Asia-Pacific area, as well as many of our system builders, as they build custom global systems. The 3060 launched last week. Sold out in hours. It has been carefully designed for gamers and primarily gamers, and they were raving about it.

We now have that Ampere architecture starting at $ 329. So we have a lot of differentiation in price points to support any type of player based on what they want to ride and pay for. All of them are well below the cost of a new console."

Obviously, here the last part of the statement does not conform to reality, since it has been impossible to find a graphics card, worldwide, at this recommended price and even close to this price, not to mention that these graphics do not they ran out in hours, if not in a matter of minutes if 60 seconds were exceeded in many cases, of course.

Although he later indicated that mining fashion would not have influenced revenue, he does not acknowledge that this fashion has indeed influenced the price of his products focused on players.

"Our quarter in the gaming sector, for example, would probably have been the same with or without cryptocurrencies, because we are limited by supply. So we will continue to watch this. We believe that our CMP product will allow us better visibility to understand the size. of the cryptocurrency market within our quarter.

This is, of course, a situation where we would love to have more options. We would love to have more global offers. But remember, our point is that demand is strong. Demand is strong, and we believe we will grow quite well as this demand will continue throughout this year ahead."