If you thought that the supply would start to match the insane demand for the Nvidia GeForce RTX 3080 and RTX 3090 cards any time soon, you are sorely mistaken. Things aren't looking too good for the RTX 3070 either, but that's another story entirely.
Today, Nvidia CEO Jensen Huang said that demand will continue to vastly surpass supply through the end of the year. Huang's remarks comes during a recent Q&A session with the press. Though Huang says that they haven't had a "shortage of supply" but rather an excess of demand.
"I believe that demand will outstrip all of our supply through the year," Huang said, "Remember, we're also going into the double-whammy. The double-whammy is the holiday season. Even before the holiday season, we were doing incredibly well, and then you add on top of it the ‘Ampere factor,’ and then you add on top of that the ‘Ampere holiday factor,’ and we're going to have a really really big Q4 season.
"The 3080 and 3090 have a demand issue, not a supply issue," said Huang, "The demand issue is that it is much much greater than we expected - and we expected really a lot.
"Retailers will tell you they haven't seen a phenomenon like this in over a decade of computing. It hearkens back to the old days of Windows 95 and Pentium when people were just out of their minds to buy this stuff. So this is a phenomenon like we've not seen in a long time, and we just weren't prepared for it.
"Even if we knew about all the demand, I don't think it's possible to have ramped that fast. We're ramping really really hard. Yields are great, the product's shipping fantastically, it's just getting sold out instantly. I appreciate it very much, I just don't think there's a real problem to solve. It's a phenomenon to observe. It's just a phenomenon."
"The 3080 and 3090 have a demand issue, not a supply issue," said Huang, "The demand issue is that it is much much greater than we expected - and we expected really a lot.
"Retailers will tell you they haven't seen a phenomenon like this in over a decade of computing. It hearkens back to the old days of Windows 95 and Pentium when people were just out of their minds to buy this stuff. So this is a phenomenon like we've not seen in a long time, and we just weren't prepared for it.
"Even if we knew about all the demand, I don't think it's possible to have ramped that fast. We're ramping really really hard. Yields are great, the product's shipping fantastically, it's just getting sold out instantly. I appreciate it very much, I just don't think there's a real problem to solve. It's a phenomenon to observe. It's just a phenomenon."
