Core Insights - Nvidia's latest graphics cards, particularly the RTX 5060, are underwhelming in performance compared to historical standards, resembling the RTX 5050 more than a true 60 series product [1][5][12] - The trend of diminishing specifications in Nvidia's product line is evident, with the RTX 5060 offering significantly fewer CUDA cores and lower memory bandwidth than its predecessors [10][22][27] - The pricing strategy of Nvidia has led to a disconnect between the performance offered and the price charged, with the RTX 5060 priced similarly to higher-performing models despite its lower specifications [18][21][39] Group 1: Product Specifications - The RTX 5060 has only 3,840 CUDA cores, which is just 18% of the flagship model's core count, significantly below the historical average for 60 series GPUs [12][10] - Memory bandwidth for the RTX 5060 is 448 GB/s, while the flagship RTX 5090 boasts 1,792 GB/s, indicating a substantial drop in performance capabilities [22][23] - The VRAM capacity of the RTX 5060 is limited to 8 GB, which is only 25% of the flagship model's 32 GB, further highlighting the disparity in specifications [33][31] Group 2: Historical Comparison - Historical data shows that the RTX 5060's specifications are more aligned with older 50 series models, such as the GTX 750 and GTX 1050, rather than the expected advancements seen in newer generations [12][27] - The average specifications of the 50 series have declined, with the RTX 5060's performance being comparable to previous generations rather than reflecting the expected improvements [12][51] - The trend of reduced specifications is consistent across the 60 series, with the RTX 5060 and RTX 5060 Ti showing a significant drop in core count and memory bandwidth compared to earlier models [15][27] Group 3: Pricing and Market Position - The RTX 5060 is priced at approximately 15% of the flagship model's price, which is a significant increase compared to historical pricing models where lower-spec GPUs were priced at 10-15% of flagship models [18][21] - The pricing strategy has resulted in the RTX 5060 being one of the least favorable options in terms of performance-to-price ratio, leading to consumer disappointment [39][54] - Nvidia's strategy appears to be driven by a desire to maintain high profit margins amid rising production costs, which has led to a misalignment between product performance and pricing [54][58]

Core Viewpoint - NVIDIA's CEO Jensen Huang expressed concern over the H20 export restrictions impacting the company's access to the Chinese AI market, which is valued at $50 billion, while highlighting the robust demand for AI processing capabilities driven by the Blackwell chip production [1][8][45]. Group 1: Financial Performance and Market Impact - NVIDIA's Q1 revenue reached $44 billion, a 69% year-over-year increase, despite the challenges posed by export restrictions [25]. - The company anticipates a loss of $8 billion in H20 revenue due to new export limitations, significantly affecting future business prospects in the Chinese market [8][43]. - The data center revenue grew by 73% year-over-year, driven by the rapid ramp-up of the Blackwell product line [5][27]. Group 2: AI Demand and Technological Advancements - There is an explosive growth in AI inference demand, with token generation increasing by 500% year-over-year, particularly in complex AI workloads [12][29]. - The Blackwell architecture is designed to support this demand, offering a throughput that is 40 times higher than the previous Hopper architecture [12][10]. - The average deployment rate for major hyperscale customers is nearly 1,000 NVL72 racks per week, indicating strong market adoption [10][28]. Group 3: Strategic Insights on AI Market - Huang emphasized that winning the Chinese AI market is crucial for global leadership, as it houses half of the world's AI researchers [3][45]. - The company is exploring options to create attractive solutions for the Chinese market in light of the export restrictions [8][46]. - The rise of open-source AI models like DeepSeek and Qwen is seen as a strategic advantage for the U.S. in maintaining its leadership in AI technology [13][46]. Group 4: Future Outlook and Growth Engines - NVIDIA is optimistic about future growth, citing multiple key growth engines including surging inference demand, sovereign AI initiatives, and enterprise AI [19][49]. - The company plans to achieve $45 billion in revenue for Q2, with expected gross margins of 71.8% [20][43]. - The establishment of AI factories globally is seen as a foundational step in building the necessary infrastructure for AI deployment across industries [15][62].

隔夜，英伟达Q1财报重磅出炉。这家AI芯片巨头扛住了特朗普政府出口限制的压力，业绩总体稳健： Q1营收超预期增69%，Q2料H20收入减少80亿，但总收入指引顶住出口限制压力。 财报发布后，英伟达CEO黄仁勋、CFO Colette Kress举行财报电话会，就"H20出口限制重创收入"、"中 国市场"、"Deepseek"、"AI市场需求激增"、"Blackwell产能爬坡"等热点问题进行了回应。 对于H20出口限制，黄仁勋表示痛心。 中国是全球最大的AI市场之一，也是通往全球成功的跳板。有全球一半的AI研究人员在中 国，赢得中国市场的平台有望在全球领先。 与此同时，黄教主毫不吝啬地对DeepSeek和通义千问表达了赞赏，称其是"是最佳开源AI模型之 一"，"就像ChatGPT一样，引入了推理AI，它思考的时间越长，给出的答案就越好。" Colette Kress直言，H20出口限制将对英伟达未来的业务产生重大的不利影响，但Blackwell产品线爬坡 速度是公司历史上最快的，推动了数据中心收入同比增长73%。他表示，英伟达在制造良率方面看到显 著改善，机架出货量正以强劲速度交付。GB300也预计本季度末量 ...

SANTA CLARA, Calif., April 15, 2025 (GLOBE NEWSWIRE) -- NVIDIA today announced the NVIDIA GeForce RTX™ 5060 family of GPUs, including two graphics cards that deliver neural rendering and NVIDIA Blackwell architecture innovations for every gamer — starting at just $299. The GeForce RTX 5060 Ti and RTX 5060 graphics cards feature NVIDIA DLSS 4, full ray tracing, neural rendering and NVIDIA Reflex technologies for exceptional performance and image quality. “The RTX 5060 family offers gamers next-generation per ...