Why Nvidia's New Lovelace Chip Is Bad News for Jay Powell
Last week, Nvidia (NASDAQ: NVDA) unveiled its new RTX graphics chips based on its "Lovelace" architecture. The chips have some impressive performance metrics, making an exciting leap forward in performance over the prior Ampere generation.
The downside for gamers? The highest-end RTX Lovelace 4090 graphics cards will retail for $1,599, and the 4080 cards will go for a lower range, between $899 and $1,199. That's far more expensive than the prior Ampere 3080 generation released two years ago, initially priced at $699.
CEO Jensen Huang fielded questions from concerned consumers at the conference, defending the new price, given Lovelace's high-performance specs. But Huang also pointed to a more troubling reason for the high price -- and it could have adverse consequences for the broader technology sector, the economy, and the stock market.
Source Fool.com
