NVIDIA Stock Falls 2.1% After Turing GPU Reviews Fail to Impress Morgan Stanley

[VSG]

NVIDIA's embargo on their Turing-based RTX 2080 and RTX 2080 Ti ended Wednesday, September 19 and it appears that enthusiasts were not the only ones left wanting more from these graphics cards. In particular, Morgan Stanley analyst Joseph Moore shared a note today (Thursday, September 20) with company clients saying "As review embargos broke for the new gaming products, performance improvements in older games is not the leap we had initially hoped for. Performance boost on older games that do not incorporate advanced features is somewhat below our initial expectations, and review recommendations are mixed given higher price points." The NVIDIA Corporation share value on the NASDAQ exchange had closed at $271.98 (USD) Wednesday and immediately tumbled down to a low of $264.10 opening today before recovering to close at $266.28, down 2.1% over the previous closure.

The Morgan Stanley report further mentioned that "We are surprised that the 2080 is only slightly better than the 1080ti, which has been available for over a year and is slightly less expensive. With higher clock speeds, higher core count, and 40% higher memory bandwidth, we had expected a bigger boost." Accordingly, the market analyst expects a slower adoption of these new GPUs as well as no expectation of "much upside" from NVIDIA's gaming business unit for the next two quarters. Despite all this, Morgan Stanley remains bullish on NVIDIA and expects a $273 price point in the long term.



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[eidairaman1]

Burn.

 

[FreedomEclipse]

Nvidia are putting all their eggs in one basket with Ray Tracing.

Its a bit like trying to have sex with your wife except your wife doesn't exist so youre left with your right hand to pick up the slack till one does come along.

There is no promise that Ray Tracing will be picked up by the entire industry and there is currently no games available to benchmark how Ray Tracing performs.

Of course people are bound to be sceptical about the whole thing. It might sound great on paper but remain as useless as the paper it was written on.

 

[Xzibit]

Nvidia are putting all their eggs in one basket with Ray Tracing.

Its a bit like trying to have sex with your wife except your wife doesn't exist so youre left with your right hand to pick up the slack till one does come along.

There is no promise that Ray Tracing will be picked up by the entire industry and there is currently no games available to benchmark how Ray Tracing performs.

During their podcast PCWorld said even Nvidia Reflection demo was grainy (Not enough rays (spp) or denoiser not being able to fill in the gaps) and on the 2080 it was more noticeable. That's a locked 24fps demo

 

[ViperXTR]

Is this gonna be the GeForce FX of this generation?

They probably just want to clear the 10 series inventory

 

[Durvelle27]

So now the question becomes, “Who didn’t see this coming” ?

 

[megamanxtreme]

Is this gonna be the GeForce FX of this generation?

More like Intel with the small improvement, but it's still something until AMD brings out something to compete.

The cards are pretty powerful as it is.

They probably just want to clear the 10 series inventory

Pretty much

 

[ViperXTR]

Yeah pretty fast but that pricing...

 

[StrayKAT]

So now the question becomes, “Who didn’t see this coming” ?

Tomshardware.com

 

[Prima.Vera]

2.1% it's peanuts. They should have fall at least 21% considering how disastrously those cards are on the Performance/Price ratio.

 

[DeathtoGnomes]

Burn.

change the paste!

 

[Zubasa]

2.1% it's peanuts. They should have fall at least 21% considering how disastrously those cards are on the Performance/Price ration.

Thats the thing, don't buy 2080 but 1080ti instead.
Don't buy nVidia by buying nVidia.
So in the end it doesn't really matter for Huang.
Either pay for overprice GPU, or help clear out old stocks of 2-year old cards that are still over MSRP.

 

[DeathtoGnomes]

Thats the thing, don't buy 2080 but 1080ti instead.
Don't buy nVidia by buying nVidia.
So in the end it doesn't really matter for Huang.
Either pay for overprice GPU, or help clear out old stocks of 2-year old cards that are still over MSRP.

This makes me wonder, after sufficient "old stock" is cleared out, I bet Nvidia will come out with a driver update that will increase performance by atleast 25%.

 

[Liquid Cool]

NVDA is in the 3rd year of a parabolic curve(up about 10x). I'd imagine it'll be hard to sustain with mining on the wain(as of late...at least.).

Meanwhile, plenty of cheap RX 470 to RX 580 AMD cards and GTX 1070's out there for sale. I was actually shocked at some of the prices I saw 1070's going for on ebay.

I didn't have the money at the time, so I had to watch a nice Sapphire RX 570 go off auction at 87 bucks the other day.

That's pain....

Best,

Liquid Cool

 

[Midland Dog]

turing was ment for 7nm just as maxwell was meant for 16(14 or whatever same shit)

 

[Zubasa]

This makes me wonder, after sufficient "old stock" is cleared out, I bet Nvidia will come out with a driver update that will increase performance by atleast 25%.

If they could actually make these cards another 25% faster they would just charge another $500 on top of current price.
I doubt it, the cards performance pretty much matches the specs of the cards in terms of Cuda Cores / TMU / ROPs and clock speeds etc.
Recent gens of nVidia cards tends to be close to maxed-out out of the box anyway, unless there are some games that have serious bugs you won't see more than a single digit performance inceasre.
At best they can do is to screw over the old cards performance

 

[hat]

Too little performance for too much money, and RTRT fails to exist outside of tech demos we already knew about prior to reviews... and even those suck. RTRT currently fails to impress as far as both visuals and framerate. Sure, the cards are a good deal faster when RTX isn't involved, but not at these prices. I can't help but see the 2000 series as a big experiment for nVidia. They're trying to find out how far they can push prices, while playing with the idea of RTRT at the same time.

I don't think we're ready for RTRT yet. nVidia is huge and they put their best foot forward, but the product failed to impress while also being abhorrently expensive. We need a significant performance uplift to even try.

 

[Prima.Vera]

This makes me wonder, after sufficient "old stock" is cleared out, I bet Nvidia will come out with a driver update that will increase performance by atleast 25%.

Nah. They will come with a driver update to "increase" the performance of previous generation(s) with -25% , going Apple style.
Irony is, it won't be the first time they'll do that too...

 

[hat]

Nah. They will come with a driver update to "increase" the performance of previous generation(s) with -25% , going Apple style.
Irony is it's not the first time they do that too...

How would they even get away with that? I'm sure tech media would be all over it, slamming nVidia like never before...

 

[Prima.Vera]

How would they even get away with that? I'm sure tech media would be all over it, slamming nVidia like never before...

It's so easy you'll laught. It will be the exact thing they did with the 9xx series vs 7xx. They will purposely cripple the performance on the new titles, and call it "no more optimization done for older generations"

 

[Space Lynx]

Thats the thing, don't buy 2080 but 1080ti instead.
Don't buy nVidia by buying nVidia.
So in the end it doesn't really matter for Huang.
Either pay for overprice GPU, or help clear out old stocks of 2-year old cards that are still over MSRP.

Be patient brother, 7nm CPU and GPU from AMD is less than one year away!!!! That will be my next build and it should last me a solid 5+ years with a 1440p high refresh freesync 2 monitor.

 

[Fatalfury]

They priced it high so that people will think that old gen card is a deal & they can clear old stocks of gtx 1080 ti (& most of it seem to have gone) & other old gen cards..

after all the old cards sell off within like 6 months.. & if at all navi 7nm launches..

people will be rushing to buy gtx 1080 ti & 1080 thinking that rtx is a bad deal.
They can reduce the price like after many months when competition kicks in..until then
they can reduce the price of rtx 2080 ti to $799 and rtx 2080 to $599.
its a win-win situation for them.

Nvidia is clearly in the lead no matter who says.. if not.

Very clever nvidia..very clever

 

[FordGT90Concept]

2.1% is it? Expected a bigger drop.

 

[DeathtoGnomes]

It's so easy you'll laught. It will be the exact thing they did with the 9xx series vs 7xx. They will purposely cripple the performance on the new titles, and call it "no more optimization done for older generations"

yep they got caught over that too.

 

[Frick]

NVDA is in the 3rd year of a parabolic curve(up about 10x). I'd imagine it'll be hard to sustain with mining on the wain(as of late...at least.).

Meanwhile, plenty of cheap RX 470 to RX 580 AMD cards and GTX 1070's out there for sale. I was actually shocked at some of the prices I saw 1070's going for on ebay.

I didn't have the money at the time, so I had to watch a nice Sapphire RX 570 go off auction at 87 bucks the other day.

That's pain....

Best,

Liquid Cool

Huh, where I live the 570s go for about €140 or so.. GTX970 €120. It's a bummer.

Dead GTX970 at €40 with three days left.