NVIDIA with its new RTX 20 series lineup is currently focusing on the enthusiast and high-end segments of the graphics card market. Although the GeForce GTX 1060 is a decent card, it is not quite as competitive as AMD’s offerings, namely the Radeon RX 580 and the newly announced RX 590. During the company’s recent financial quarter result announcement, the CEO Jensen Huang discussed the mainstream Turing cards and attributed the drop in stocks to a “Crypto hangover”.
NVIDIA’s stocks dropped by 18% and team green is blaming the oversupply of older Pascal cards which is expected to last for at least one to two quarters. As per sources, the extra stock is mainly related to the mid-range GeForce GTX 1060 graphics card. During a recent telephonic conference, the NVIDIA CEO revealed that a refresh of the Pascal architecture in the mainstream segment wouldn’t even be a doable thing. As such, the GTX 2060 though won’t support raytracing, will nevertheless be based on the Turing architecture.
However, given the excess inventory of the GTX 1060 cards, it appears that the mainstream Turing cards won’t be arriving this year. Estimates place the release of the GTX 2060 sometime in the second quarter of 2019. We may see discounts or bundles for the older Pascal cards as NVIDIA plans to get rid of the older products and pave the way for more competitive offerings.