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Like AMD, Nvidia promises to ramp up GPU production

Prices have skyrocketed as supply dwindles of Nvidia GPUs like the GTX 1080Ti (Source: Nvidia)
Prices have skyrocketed as supply dwindles of Nvidia GPUs like the GTX 1080Ti (Source: Nvidia)
Nvidia has recorded its highest quarterly revenue as the market for GPUs explodes thanks to both mining and gaming. The company says that in response, it is doing everything it can to increase supply to meet demand.
Sanjiv Sathiah,

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Following AMD’s announcement last week that it is ramping up production of GPUs, Nvidia has also promised to do the same. The news comes on the back of a record $2.91 billion in revenue for the quarter ending January 28, thanks in large part to the booming sales of its Pascal-based graphics chips. According to the company, the popularity of cryptocurrency mining is largely behind the jump in earnings and is also to explain for the world-wide shortage of graphics cards available to customers.

“Strong demand in the cryptocurrency market exceeded our expectations,” said Nvidia CFO Colette Kress. “Our main focus remains on our core market, as cryptocurrency will likely remain volatile,” Kress added, which will be good news to gamers who have suffered at the hands of miners who have made GPUs both scarce and historically very expensive.

While AMD blamed its inability to keep up with demand on its memory component suppliers [as an in-direct by-product of mining-related demand), Nvidia wasn’t so quick to point the finger. “We’re working really hard to get GPUs out into the marketplace for the gamers,” said Nvidia CEO Jensen Huang. “We’re doing everything we can, but I think the most important thing is, we've just got to catch up with supply.”

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Sanjiv Sathiah
Sanjiv Sathiah - Senior Tech Writer - 1289 articles published on Notebookcheck since 2017
I have been writing about consumer technology over the past ten years, previously with the former MacNN and Electronista, and now Notebookcheck since 2017. My first computer was an Apple ][c and this sparked a passion for Apple, but also technology in general. In the past decade, I’ve become increasingly platform agnostic and love to get my hands on and explore as much technology as I can get my hand on. Whether it is Windows, Mac, iOS, Android, Linux, Nintendo, Xbox, or PlayStation, each has plenty to offer and has given me great joy exploring them all. I was drawn to writing about tech because I love learning about the latest devices and also sharing whatever insights my experience can bring to the site and its readership.
contact me via: @t3mporarybl1p
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 02 > Like AMD, Nvidia promises to ramp up GPU production
Sanjiv Sathiah, 2018-02-11 (Update: 2018-02-11)