'As macroeconomic headwinds intensified, enterprise demand slowed and OEMs worked to reduce inventory. There was actually an increase in mobile revenue, but this was more than offset by lower desktop revenue, particularly at the high end. There was a mixed picture for the company from its Professional Visualization products, where revenue of $496 million was down 4 percent versus the same quarter last year, but 20 percent down from last quarter. Network products are also doing nicely for Nvidia, with strong demand for high-speed Ethernet adapters and growing interest from cloud service providers for the latest Spectrum-4 400Gbps products, Kress claimed. Nvidia releases first Jetson AGX Orin module for production deployment.Nvidia books $1.32b inventory charge as PC market slows.Intel challenges Nvidia, AMD with trio of workstation GPUs.Broadcom challenges Nvidia's Spectrum-4 with 51.2T switch silicon.Technology vendors including Dell, HPE, Inspur, Lenovo, and Supermicro are also adopting the company's new Grace Hopper Superchip to build the next generation of high-performance systems, Kress added. Kress highlighted a couple of customer examples to illustrate how hyperscalers are driving GPU sales, such as Pinterest managing to operate 100x larger recommender models by switching to GPUs for inferencing, while Tesla has acquired over 7,000 A100 GPUs for its supercomputer used for Autopilot training. Revenue from hyperscale customers nearly doubled year-on-year, with sales growing to North American and cloud customers, but these were offset by lower sales to Chinese hyperscalers because of domestic economic conditions there, she added.

Nvda forecast 2023