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February 25, 2021 03:02 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/G-rvgP_BTy4/nvidia-made-5-billion-during-a-gpu-shortage-and-expects-to-do-it-again-in-q1
Nvidia Made $5 Billion During a GPU Shortage and Expects To Do It Again in Q1
Nvidia has shared its Q4 2021 earnings, and despite the company's GPUs being in extremely low supply, it didn't seem to hurt how much money the company made. From a report: In fact, it reported a record $5 billion in revenue, which is up 61 percent year-over-year. What's more impressive is that Nvidia expects to make another $5 billion in revenue during Q1 2022. This positive outlook is surprising given that Q1 is generally slower than other quarters, even for the biggest tech companies, as it follows the rush of people buying lots of products during the holiday period. It's generally a slower period in general for product releases across tech and gaming. Also, let's not forget the GPU shortage is still happening. Nvidia reiterated that sparse supply will continue through the next quarter, but that's likely factored into its rosy revenue prediction. Nvidia says it expects most of that $5 billion revenue estimate in Q1 2022 to come from the gaming market, despite being the segment it's currently having the toughest time serving. Since the launch of the RTX 30-series desktop graphics cards, leading with the RTX 3080, 3090, 3070, and followed by other products, Nvidia hasn't been able to meet the demand -- though it's not the only company affected. AMD has also struggled, perhaps more than Nvidia, to keep a steady stock of graphics cards heading to retailers.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/G-rvgP_BTy4/nvidia-made-5-billion-during-a-gpu-shortage-and-expects-to-do-it-again-in-q1
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