Hold On! Gimme A Sec

The chip shortage isn’t going away anytime soon, according to Nvidia’s CEO

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Any gamer who has attempted to purchase a GPU or console in the last 18 months is well aware of the current market situation. The shortages caused by the pandemic show no signs of abating. The gaming industry is still suffering from high demand and supply bottlenecks. Oh, and don’t forget about the GPU mining demand!

Following comments from Nvidia CEO Jensen Huang, those hoping for some rays of hope in the near future may have to temper their expectations. Huang made the remarks during a Yahoo Finance interview about the company’s recent GTC technology showcase.

“I think that through the next year, demand is going to far exceed supply. We don’t have any magic bullets in navigating the supply chain,” Huang said. Ouch.

Intel’s CEO Pat Gelsinger shares a similar dim short-term view. “We’re in the worst of it now, every quarter next year we’ll get incrementally better, but they’re not going to have supply-demand balance until 2023,” Gelsinger said during a recent interview with CNBC to discuss Intel’s third-quarter earnings.

If your heart has sunk a little, there is some good news for GPU buyers looking to get a GPU for less than RRP. As Ethereum moves away from GPU-based proof of work and toward proof of stake, GPU pricing and availability should improve gradually in 2022. Prior to the switch, mining purchases will decrease because there will be less time to recoup the costs of expensive purchases. That is, at least, the theory. Additionally, if Intel’s Alchemist GPUs can provide a reasonable price/performance ratio, they could provide a welcome supply.

In the short term, things could get so bad that Black Friday sales are impacted. Is it realistic to expect manufacturers or retailers to offer steep discounts when demand outnumbers supply? We’ll be all over the best deals as usual, but if you’re a gamer looking for a truly drool-worthy bargain, you may need to be extra quick this year.

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