NVIDIA CFO warns shortages will not disappear anytime soonSpeaking to investors during the firm's annual investors day, NVIDIA CFO Colette Kress revealed the current situation is expected to persist for quite some time. Kress stated that demand is expected to continue to exceed supply for much of 2021.
Back in November, NVIDIA expected the shortages would be resolved in "a few months" but unfortunately that prediction did not turn out to be accurate. Kress did promise that GPU supplies are increasing. NVIDIA has managed to secure more production capacity -- which should result in more supply hitting the market.
On the plus side, Kress said Nvidia is making progress on pumping out more GPUs, despite the ongoing chip shortage. “Our operations team is agile and executing fantastically. We expect our supplies to increase as the year progresses,” she added.The additional supply is expected to hit the market sometime this quarter, so hopefully effective street prices of GPUs will come down a bit.