Nvidia CFO Colette Kross says RTX 3000 stocks will be bailed out by mid-year. Although demand is still very strong, the firm will be able to increase its production by July, according to her. A delay that would suit the latter, which should launch the RTX 4000, its new generation of graphics cards, in this same period.
After a more than difficult year 2021, Nvidia is finally optimistic. However, Colette Kross, CFO of the firm, recognizes that it was necessary to fight to arrive there. “We saw strong demand for GeForce throughout 2021”, she reports in an interview. “And it continues to remain strong, stronger even than the stocks we can offer. Holiday demand, for example, has been quite strong, especially in laptops”.
She also explains that if 2021 has been a pivotal year for video games, 2022 promises to be just as exciting. As proof of this, the recent record broken by Steam by welcoming 28 million players simultaneously, or even “creating momentum for Metaverse-like creative apps”. But to keep up the pace, more graphics cards will soon be needed on the market. On this subject, Colette Kross believes that stocks will be higher by July 2022.
Related: RTX 3000 — Nvidia Unveils DLDSR Technology That Improves Low-Resolution Graphics
Towards the end of the RTX 3000 shortage in 2022 N
“We have seen quite lean production levels from our suppliers, and we are working with our partners to increase stock availability. We are optimistic about our supply situation for the second half of 2022.”, says Colette Kross. Good news be careful not to take it too literally. A few months earlier, the firm announced that stock shortages would continue throughout 2022.
Nevertheless, the situation could well improve in the months to come. Prices are already (very) slightly down in January, and demand for the RTX 3000s could be relieved by the arrival of the RTX 4000s next July. Is the correlation between Colette Kross’ predictions and the launch date of graphics cards a coincidence? Maybe not.
One thing is certain, the threat of cryptominers will still hang over the market in the next 6 months. The CFO is fully aware of this: “We believe that our process on low hash cards for GeForce, also with our CMP product, has been an effective strategy to steer GeForce towards other players’ offerings. However, the hash rate of new cryptocurrencies has increased and we see several different sources of it. »
Source: Seeking Alpha