Quote:Chip designer NVIDIA Corporation has revealed that its graphics processing unit (GPU) inventory stabilized during the previous quarter. The statements were made by NVIDIA's chief financial officer (CFO) Ms. Colette Kress during NVIDIA's investor call for its earnings release for its first quarter of the fiscal year 2023, during which the company managed to strongly grow its revenues and increase its earnings from the crucial data center segment as well. As part of the commentary released prior to the call, the executive also explained that her company's inventory costs had grown in the quarter as it navigated a tricky supply chain and semiconductor environment in the wake of pandemic-induced disruptions.

NVIDIA CFO Expects GPU Inventory To Remain Stable During This Quarter

The first fiscal quarter saw NVIDIA increase its revenue by an impressive 46% annually to stand at $8.3 billion, which marked a new overall record alongside all time highs for the company's gaming and data center segments.

NVIDIA's results also provided key details about the current state of the semiconductor and GPU market, which has had to recently contend not only with dissatisfied gamers being unable to get their hands on the latest products but also with the wild swings in the cryptocurrency market.

These reveal that as far as gamers are concerned, the inventory situation can stabilize during the current quarter. While Ms. Kress's comments as part of the earnings release did not specifically mention channel inventories, she did share important details during her analyst session.