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“Not a deficit, but an excess of demand”. NVIDIA CEO anticipated shortage of GeForce RTX 3080 and RTX 3090 before the end of the year
If you thought it would be easier to buy NVIDIA GeForce RTX 3080 and RTX 3090 graphics cards by the end of the year, then we have bad news. Today the head of NVIDIA Jensen Huang announced that the shortage of GeForce RTX 3080 and RTX 3090 video cards will remain until the end of 2021. He did not say anything about the RTX 3070 model, but, apparently, the same fate awaits her.
Image source: NVIDIA
“I believe that the demand for video cards will surpass the capabilities of our suppliers by the end of the year. Please note that a double blow awaits us. By double whammy I mean the holiday period. Before him, we were doing well, but then came the “Ampere factor”. And after it comes the “Ampere factor during the holiday season”. We are expecting a very, very busy fourth quarter of this year, “- said the CEO of NVIDIA.
Image source: NVIDIA
Today, the GTC 2021 event took place, during which the manufacturer presented several new products for professional users, as well as for the server and cloud computing industry. After the presentation, the company held a Q&A session with the press. As expected, some of the questions were related to a serious shortage of GeForce RTX 3080 and RTX 3090 video cards. In response to complaints, Huang stated that the company is not experiencing a shortage of its products, it is experiencing an excess of demand:
“We have a demand problem for the RTX 3080 and RTX 3090 graphics cards, not a supply problem. Demand turned out to be much, much higher than we expected. And we expected a very high demand. Computer hardware retailers will confirm that they themselves have not seen such phenomenal demand in more than ten years. We try really hard. GPU manufacturing is excellent, product shipments are fantastic. It’s just that the product is sold instantly. I am very grateful to the buyers for this, but I think that there really is a problem here that needs to be addressed. This is a real phenomenon, “Huang added.
Image source: NVIDIA
Recall that NVIDIA recently also postponed the start of sales of the younger model GeForce RTX 3070 by two weeks in order to have time to produce more video cards for launch. Considering that it is faster than the GeForce RTX 2080 Ti, and also more than half its price (the price of the reference version of the RTX 3070 is $ 500), it can be expected that the situation with a shortage may not only repeat itself, but also turn out to be worse than with more expensive models. RTX 3080 and RTX 3090, despite NVIDIA’s efforts.
Huang’s forecast of a shortage of graphics cards is similar to earlier reports from the Chinese media, which also predicted a shortage of cards until at least the beginning of 2021. These reports also said that the manufacturers of graphics solutions based on the GeForce RTX 30-series can agree with each other, as well as with motherboard manufacturers and force buyers to purchase new items as part of ready-made kits. Fortunately, this did not happen. Until.
Image source: Twitter
The owners of mining farms and speculators also create significant difficulties by continuing to buy up all stocks of video cards using special bots. The only opportunity for the average buyer to purchase GeForce RTX 3080 and RTX 3090 now is patience and the indestructible F5 key on the keyboard to refresh the product availability page and catch that rare moment when cards are still available for purchase for a few seconds.
Something suggests that a similar situation awaits the start of sales of the GeForce RTX 3070, which will take place on October 29.