NVIDIA RTX 3000 graphics stock shortage will last a long time, according to Colette Kress

A few days ago several analysts indicated that the shortage of graphics would last until 2022. The market right now is extremely short of graphics and prices are surreal. Colette Kress, CFO of NVIDIA has spoken about the lack of stock of NVIDIA RTX 3000 graphics to the company's investors and has not given users hope, precisely.

Colette Kress makes it clear that the lack of stock of NVIDIA RTX 3000 graphics will continue for a long time

During a conference call with Raymon James investors, Colette Kress has been very clear. He emphasizes that the problem with gaming graphics would have been the same without the cryptocurrency problem. The truth is that it is quite likely, although cryptocurrency mining has been a problem.

We released the Ampere-based RTX 3000 GPUs last year and they've been hugely successful, probably the most successful gaming launch we've ever had. With a second generation RTX, we now have a roster of over 3 dozen RayTracing compatible games and a powerful performance upgrade with our 30 series. The demand has been incredible.

We started the product launch with several of our high-end graphics cards. Our RTX 3070, 3080 and 3090 have been on the market for several months. During this period, the ability of the Ampere 3000 series has been seen, not only for our players, but also to support the creators and broadcasters who use them. So we hope to see the RTX 30 series continue through new product launches later on.

Statement from Colette Kress

Probably no one reading these statements shares Kress's impressions. It is true that they have been sold like hot cakes, but graphics have hardly reached gamers.

Reality has little to do with what Kress indicated

The last product we launched was the RTX 3060. The "class 60s" is a sweet spot for gamers, great performance at a great price. Class 60 is essentially preferred by the cybercafes that you will find in the Asia Pacific area, as well as our system builders. The 3060 was launched last week and sold out within hours. It has been carefully designed for gamers and they were raving about it.

Now, we have the Ampere architecture starting at $ 329, so we have a lot of price point differentiation to support any type of player, depending on what they are looking for in the market and can afford. All of them are below the cost of a new console.

Kress highlights

The reality is that the stock has mostly been bought by bots and then put up for resale. We doubt that any user has ever purchased an RTX 3060 at the price of $ 329. Most of the cases were well over $ 400, being optimistic.

The impact of cryptocurrencies would be relative

In the gaming quarter (GeForce), it would probably have been the same with or without cryptocurrencies because the supply is limited. We believe that our NVIDIA CMP graphics cards will give better visibility to understand the size of cryptocurrencies during this quarter.

This is a situation where we would like to have more optionality because we would love to have more supply. But remember, our problem is that demand is strong. This will be strong and will continue through 2021.

Comments Colette Kress

That the stock problem could have been strong without cryptocurrency mining is quite likely. Production capacity is limited due to COVID. But it is undeniable that the impact of cryptocurrency mining has generated many problems for the market. Quite possibly we wouldn't have hit these crazy prices if cryptocurrency mining wasn't such a strong market.

The truth is that the graphics card market has been joined by two problematic conjunctions. On the one hand, the closures due to the pandemic and, on the other, cryptocurrency mining. Two factors that have strongly impacted the stock and prices of the charts.

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Source: wccftech