Nvidia Finally Admits RTX 3000 Shortages Will Last Until 2022

Nvidia's CFO Colette Kress says the RTX 3000 shortages will continue until at least the end of 2021. Demand is simply too high compared to supply.

Recent reports suggest that RTX 3000 GPU shortages will continue at least until the end of 2021. At least that's what Nvidia's CFO Colette Kress believes. On her blog she posted information that leaves no illusions about future forecasts, and these do not seem very optimistic.

“Overall demand remains very strong and continues to exceed supply while our channel inventories remain quite lean. We expect demand to continue to exceed supply for much of this year. We believe we will have sufficient supply to support sequential growth beyond Q1.”

The launch of Ampere GPUs has been a success - in the first six months since their debut, GeForce RTX 3000s turned out to be more than twice as popular among Steam users as Turings (the previous generation of Nvidia cards) during the same period. This just goes to show how much demand there is for GPUs. And yet, it is not only gamers who create it, as crypto miners and scalpers also take part in it. Revenue from CMP HX cards is expected to grow from $50 million to $150 million for the last fiscal quarter.

Provided Nvidia's predictions come to fruition, demand should normalize in early 2022, resulting in a drop in currently heavily inflated prices and ultimately easier and faster access to hardware.