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DIAMOND BAR, Calif. - Newegg Commerce, Inc. (NASDAQ: NEGG), an e-commerce company specializing in technology products with annual revenues of $1.4 billion, reported that the new NVIDIA (NASDAQ:NVDA) GeForce RTX 50 Series GPUs sold out within minutes of their release. The latest graphics cards, which feature advancements in ray tracing and AI upscaling, saw a significant spike in demand, with Newegg’s website traffic increasing up to tenfold during the launch period.
The RTX 50 Series GPUs, designed for gaming and content creation, became one of the most sought-after launches in the industry, with 18 of Newegg’s top 25 product pages being related to the series. According to InvestingPro data, this launch comes at a crucial time as the company faces revenue challenges, with a 10.4% decline in the last twelve months. The GPUs dominated search trends on Newegg’s platform, with queries for the RTX 5080 and RTX 5090 models seeing a 25-fold increase compared to the previous week.
Newegg offered a broad selection of RTX 50 Series GPUs from various manufacturers, as well as pre-built gaming desktops equipped with the new technology. Despite the quick sell-out, Newegg assured customers that restocks would be announced in real-time and encouraged following their social media channels for updates.
Jim Tseng, VP of Product Management at Newegg, highlighted the extraordinary response to the launch and reiterated the company’s commitment to ensuring future availability. Newegg also promotes sustainability and affordability in gaming through its GPU Trade-In Program, which allows customers to trade in eligible pre-owned graphics cards and CPUs.
In addition to the GPUs, Newegg’s own brand, ABS (Advanced Battlestations), released a lineup of gaming PCs powered by the NVIDIA GeForce RTX 5080 and RTX 5090 GPUs. Steven Chien, VP of Product Management at ABS, expressed excitement about offering top-of-the-line gaming PCs with the new 50 Series cards.
Newegg, founded in 2001 and headquartered in California, serves as a leading global online retailer for various technology products, currently operating with a market capitalization of approximately $170 million. InvestingPro analysis suggests the stock is currently undervalued, despite facing challenges with gross profit margins of about 11%. The company’s press release includes forward-looking statements subject to risks and uncertainties, with actual results potentially differing due to factors such as market conditions and supply chain disruptions. For detailed financial analysis and additional insights, investors can access over 10 more exclusive ProTips and metrics on InvestingPro.
For more information on the availability of the NVIDIA GeForce RTX 50 Series GPUs and product restocks, customers can visit Newegg’s dedicated page for the series. This news article is based on a press release statement from Newegg Commerce, Inc.
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