Nvidia CEO Jensen Huang anticipates that supply will constrain the GPU industry well beyond 2022. According to the CEO, demand for RTX graphics cards is 'too big.' Nvidia once again set records in the most recent quarter.
The LHR GPUs, which are subject to prohibitions against crypto mining, accounted for 80 percent of all Ampere-GPU deliveries in the third quarter. Nvidia launched new variations of its GPUs with restrictions at the end of May, with the goal of making the cards less attractive for Ethereum mining.
Despite the fact that Nvidia has achieved record sales, the demand for graphics processing units (GPUs) continues to outstrip supply, according to the company's CEO Jensen Huang when addressing the quarterly results. He anticipates that demand will outstrip supply for the majority of next year. Huang argues that this is due to excessive demand and the fact that the RTX cards are "groundbreaking," prompting many people to want to update their graphics cards.