Graphics card prices might be returning to normal at a snail’s pace, but that doesn’t mean it’ll be easy to get your hands on one any time soon. Nvidia CEO Jensen Huang told investors during the company’s Q2 fiscal earnings call that he “expects that we will see a supply-constrained environment for the vast majority of next year,” meaning GPU stock might struggle until 2023.
According to a transcript of the call, the Nvidia CEO says “a lot of that has to do with the demand being so great,” which isn’t exactly surprising given the state of graphics card availability throughout the past year. “Ampere is off to an incredible start as the best-selling GPU architecture in the history of our company. And yet, we’ve upgraded less than 20% of our total install base,” he adds.
This tracks with Nvidia’s record-breaking revenue during the first quarter hitting a total of $6.51 billion – at least $3.06 billion of which came from Nvidia’s gaming segment, showing an 85% increase over the year prior.