Nvidia warned earlier this yr that the nice GPU scarcity would last throughout 2021, and now the firm expects supply points to proceed nicely into 2022. Talking on Nvidia’s Q2 fiscal 2022 earnings name this week, Nvidia CEO Jensen Huang stated he expects supply constraints for the majority of subsequent yr.
“I’d anticipate that we are going to see a supply-constrained setting for the overwhelming majority of subsequent yr is my guess at the second,” stated Huang according to a transcript of the call, noticed by Videocardz. Nvidia has dedicated to securing long-term supply commitments, however demand remains to be increased than supply proper now throughout a world chip scarcity.
Nvidia’s warnings of a GPU scarcity nicely into 2022 may not appear as dangerous as they sound, although. Anecdotally, we’ve observed Nvidia managing to resupply a spread of its GPUs throughout each Europe and the US extra continuously in latest weeks than we’ve seen since the RTX 30-series debuted final yr.
AMD’s RX 6600 XT GPUs also sold at or below their really useful retail value not too long ago, with loads of the playing cards nonetheless in inventory at UK retailers. It’s nonetheless not simple to simply 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 record revenue of $6.51 billion this quarter — up 68 % yr over yr. Gaming made up $3.06 billion of Nvidia’s total income, an enormous leap of 85 % over the yr prior. The corporate is now transport most (80 %) of its PC gaming GPUs with its Lite Hash Rate enabled to fight cryptomining demand.
Whereas the gaming phase is clearly thriving at Nvidia, the firm’s new Cryptocurrency Mining Processor (CMP) did not hit Nvidia’s personal predictions. CMP solely hit $266 million in income, in comparison with the $400 million the firm had predicted. China’s cryptocurrency crackdown has possible affected CMP gross sales, with miners selling off used GPUs.