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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.

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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> 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)
Sanjiv Sathiah
Sanjiv Sathiah - News Editor
I have been tech-obsessed from the time my father introduced me to my first computer, an Apple ][. Since then, I have been particularly interested in all things Apple, but also enjoy exploring and experimenting with any computing platform that I can get my hands on – I am the definitive early adopter! I have always been interested in how we can use technology to shape and improve our lives, most recently using it to record, mix and master my debut record, Acuity – Nature | Nurture.