Nvidia Postpones GTC Product Announcements Due To Coronavirus

'That way, our employees, partners, the media and analysts who follow us, and our customers around the world can focus on staying safe and reducing the spread of the virus,' Nvidia CEO Jensen Huang says.

Nvidia CEO Jensen Huang said the chipmaker is holding off from sharing product announcements during its digital GPU Technology Conference due to the intensifying coronavirus pandemic.

The Santa Clara, Calif.-based company's GPU Technology Conference, or GTC, is traditionally where the company has disclosed new products and technologies, but Huang said in a blog post on Monday that "this isn't the right time," given the virus outbreak.

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"That way, our employees, partners, the media and analysts who follow us, and our customers around the world can focus on staying safe and reducing the spread of the virus," he wrote.

However, Huang said Nvidia plans to still hold GTC, which will happen next week in a virtual format, minus a keynote from the CEO that was canceled as a result of the COVID-19 coronavirus. The company announced on March 2 that GTC would shift away from a physical event due to concerns over the virus, which has since caused most tech companies to cancel, postpone or move events to a digital format.

An Nvidia spokesperson said the company will set a new date for Nvidia's product announcements "once the situation stabilizes."

The United States now has 3,774 confirmed cases of people with COVID-19, with 69 people now dead from the disease, according to Johns Hopkins University's coronavirus tracker. New studies in several countries said there is increasing evidence that the spread of the virus is being driven by people who have shown no symptoms, CNN reported on Sunday.

The U.S. Centers for Disease Control and Prevention has now recommended canceling gatherings of 50 people or more through May 10 while several states have started to close schools, with some of them also closing or limiting the capacities of restaurants and other gathering areas.