Earlier this year, Nvidia has warned that the shortage of great GPUs would last throughout 2021. But, now, they are expecting the supply issues to continue well into 2022.
This week, on Nvidia’s Q2 fiscal 2022 earnings call, Jensen Huang, Nvidia CEO, said that he is expecting some supply constraints for the majority of 2022.
“I would expect that we will see a supply-constrained environment for the vast majority of next year is my guess at the moment,” said Huang according to a transcript of the call.
While the company has committed itself to secure long-term supply commitments, but the demand still remains higher than the supply during the global chip shortage.
However, there is a possibility that the company’s warnings of shortage might not be just as bad as they sound. As we’ve noticed that, in recent weeks, the company is managing to re-supply a range of its GPUs across both the US and Europe more frequently than the RTX 30-series last year.
Recently, their AMD’s RX 6600 XT GPUs sold out at or under their recommended retail price with plenty of them still in stock. While we have still not reached the place where we can just go out and buy the GPU we want, but it sure feels like things are getting better than before.
Nvidia still managed to hit a record revenue of $6.51 billion this quarter despite the shortages. They are up by a whopping 68% year over year. Out of the total revenue, gaming alone made up $3.06 billion which is a big jump of 85% over the year prior.
Nvidia has today ships 80% of its gaming GPUs with its Lite Hash Rate for combating demand. With the gaming segment thriving, Nvidia’s Cryptocurrency Mining Processor (CMP) failed to hit its own predictions. It hit only $266 million in revenue, which is a little more than half compared to the company’s prediction of $400 million.