Jensen Huang, CEO of Nvidia, expects the GPU market to be limited by supply until 2022. According to the CEO, the demand for RTX video cards is “very large.” Last quarter, Nvidia again set records.
Gaming revenue was $3.06 billion in the first quarter. This represents an increase of 85 percent over the same period last year. Nvidia generated $2.37 billion in sales for data centers, an increase of 35 percent. total trading volume $6.51 billion, up 68 percent from the same quarter last year.
In terms of games, data centers, and total revenue, these are record amounts for Nvidia. Sales of CMP video cards for cryptocurrency mining have been disappointing. The company generated revenue of $266 million from that amount, while it was expected to reach $400 million. Nvidia Chief Financial Officer Colette Kress expects sales of CMP products to be “negligible” in the future.
NS LHR-gpu’s, met Restrictions on cryptocurrency mining, accounted for 80 percent of all Ampere GPU deliveries in the quarter. At the end of May, Nvidia released new variants of its GPUs with restrictions, to make the cards less attractive for Ethereum mining.
Although Nvidia is setting records, demand for GPUs is still outstripping supply, CEO Jensen Huang says at Discuss quarterly numbers. Demand is expected to outpace supply for most of next year. Huang claims that this is because demand is “too big” and because RTX cards are “groundbreaking”, which makes many people want to upgrade.