Nvidia expects GPU provide constraints for the ‘overwhelming majority’ of 2022

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Nvidia warned earlier this yr that the nice GPU scarcity would final all through 2021, and now the corporate expects provide points to proceed effectively into 2022. Talking on Nvidia’s Q2 fiscal 2022 earnings name this week, Nvidia CEO Jensen Huang mentioned he expects provide constraints for almost all of subsequent yr.

“I’d count on that we’ll see a supply-constrained surroundings for the overwhelming majority of subsequent yr is my guess for the time being,” mentioned Huang in line with a transcript of the decision, noticed by Videocardz. Nvidia has dedicated to securing long-term provide commitments, however demand remains to be greater than provide proper now throughout a world chip scarcity.

Nvidia’s warnings of a GPU scarcity effectively into 2022 may not appear as unhealthy as they sound, although. Anecdotally, we’ve observed Nvidia managing to resupply a variety of its GPUs throughout each Europe and the US extra continuously in latest weeks than we’ve seen for the reason that RTX 30-series debuted final yr.

AMD’s RX 6600 XT GPUs are nonetheless accessible at some UK retailers.
Photograph by Tom Warren / The Verge

AMD’s RX 6600 XT GPUs additionally offered at or underneath their really helpful retail value not too long ago, with loads of the playing cards nonetheless in inventory at UK retailers. It’s nonetheless not simple to only exit and purchase the precise GPU you need, nevertheless it definitely seems like issues are getting barely higher.

Regardless of the shortages, Nvidia nonetheless managed to hit a document income of $6.51 billion this quarter — up 68 % yr over yr. Gaming made up $3.06 billion of Nvidia’s total income, an enormous bounce of 85 % over the yr prior. The corporate is now delivery most (80 %) of its PC gaming GPUs with its Lite Hash Price enabled to fight cryptomining demand.

Whereas the gaming section is clearly thriving at Nvidia, the corporate’s new Cryptocurrency Mining Processor (CMP) didn’t hit Nvidia’s personal predictions. CMP solely hit $266 million in income, in comparison with the $400 million the corporate had predicted. China’s cryptocurrency crackdown has doubtless affected CMP gross sales, with miners promoting off used GPUs.