- Tram Ho
NVIDIA believes that the shortage of graphics cards (GPUs) could last through 2021 and ‘most of the time’ into 2022. This means that PC gamers will find it difficult to buy the latest GPU models. from now until the end of next year.
This is the statement made by the CEO of Nvidia, Jensen Huang, during the annual meeting with investors on August 19.
“I believe we will still face supply constraints for most of next year. That’s my prediction at the moment,” the Nvidia CEO said.
GPUs are still very expensive at the moment, especially when the crypto market shows signs of recovery
Surprisingly, Mr. Huang did not blame the problem on crypto miners, who continuously buy large amounts of GPUs to mine ETH. Instead, Nvidia’s CEO believes that the demand to buy GPUs is largely coming from millions of PC gamers who are hoping to upgrade to the RTX 3000 series using the Aprere architecture.
“The reason for the shortage is mainly related to the overwhelming demand (from the user side),” he added.
“Ampere is off to an incredible start. It’s the best-selling GPU architecture in our company’s history,” Huang said. “However, we’ve only sold RTX cards to 20% of our customers. So about 80% of customers still haven’t had a chance to upgrade to RTX.”
But despite the shortfall, Nvidia said it has secured enough supply to ensure the company hits its growth plan next year. In the second quarter, the company’s game revenue grew 85% year-over-year, with revenue of about $3 billion.
Previously, in April 2021, this world’s largest GPU manufacturer said that transportation and logistics problems along with a shortage of components had caused the supply of graphics cards of the Blue Team to continuously fall. This led to the fact that different retailers simultaneously increased the price of graphics cards, with the actual price being much higher than the listed price.
Worse still, the explosion of the cryptocurrency market has led to miners constantly buying huge amounts of GPUs, leaving gamers with money but no stock to buy.
This forced Nvidia to apply measures to prevent cryptocurrency miners from ‘robbing’ users who are gamers. In February, Nvidia began integrating the Ethereum mining limit feature on the RTX 3060, before continuing to implement the feature to other graphics card models. According to Nvidia, the graphics card models with limited ETH mining speed are called “Lite Hash Rate” (LHR). They accounted for about 80% of all RTX 3000 shipments shipped in Q2.
However, Nvidia’s RTX 3000 series cards are still difficult to buy at the moment, at least on online channels. The biggest problem comes from the fact that individual users cannot compete against a group of ‘scammers’ who often use bot systems to ‘collect’ in bulk. These graphics cards are then resold on sites like eBay, where they can be sold for twice the normal price.
Refer to PCMag
Source : Genk