Nvidia CEO: ‘We don’t have any magic bullets’ to deal with chip shortage

[Blackjack Davy]

They would make more money by selling 10x the cards at half the price, and they want to do that they just can't. Its not because he's an evil cat-stroking megalomanic in a leather jacket.

Er, yes he is.

 

[Aretak]

they don't Broad partners and distributors do.

According to Financial Analysts at RBC Captial Markets and Barrons, it is estimated that NVIDIA has sold at least $175 Million worth of GeForce RTX 30 graphics cards utilizing its Ampere GPUs directly to miners.

https://wccftech.com/nvidia-allegedly-sold-175-million-worth-ampere-geforce-rtx-30-gpus-to-miners/

And that's from a year ago. Imagine how much they've made doing it in the 12 months since.

 

[shamus21]

No nvidia has no magic bullets but if it screws up the RTX 4000 release like it did with all the hype and vapourware release of the RTX3000`s Nvidia will have zero credibility and no one will ever trust what they have to say again.

 

[Hedge]

Everyone will bitch and moan on here then as soon as a new gen gpu drops at whatever price decided they will buy it in droves and get swept up by the hype anyway.

As consumers the only power we have is to refuse to buy a product if its not priced reasonably. Instead people just slap it on PayPal credit and think the fact they can run Cyberpunk at 4 was worth it.

 

[BUDFORCE]

Snip.

Yea people are fickle.

 

[Darujhistan]

They would make more money by selling 10x the cards at half the price, and they want to do that they just can't. Its not because he's an evil cat-stroking megalomanic in a leather jacket.

Nah, far better to sell fewer units for more ££££.

 

[Kaapstad]

NVidia may have problems with chip shortages.

This does not give NVidia and its AIB partners the right to charge crazy prices that do not reflect what they have to pay for their chips.

 

[mikeo]

Bottom line...

Nvidia don't give a damn whether we get shafted.

 

[arknor]

What a load of bull! STOP SELLING YOUR GPU'S DIRECTLY TO MINERS THEN YOU ****!

miners are buying AMD cpus now because GPU prices are too high

 

[Iron Man]

No magic bullets? Build more fabs?

 

[Gerard]

No magic bullets? Build more fabs?

Which take a few years to build and start producing, hardly a solution that will yield results in the next few weeks.

 

[JediFragger]

miners are buying AMD cpus now because GPU prices are too high

DON'T YOU ROLLEYES ME YOU MOTHER****ER!!!

 

[Iron Man]

Which take a few years to build and start producing, hardly a solution that will yield results in the next few weeks.

I didn’t say it was. But framing it that there are no magic bullet solutions is a bit hyperbolic. A quick magic bullet solution would be to stop selling to miners.

 

[Cyber-Mav]

Rest of the world should have followed china and banned crypto too. Big mistake there.

 

[speeduk]

Rest of the world should have followed china and banned crypto too. Big mistake there.

Comments like this make me laugh. The whole of crypto? Even the 95% that are not mined and dont cause this problem? WOW...

 

[Wrinkly]

Comments like this make me laugh. The whole of crypto? Even the 95% that are not mined and dont cause this problem? WOW...

I imagine he is referring to the inefficient GPU mining that we will all end up paying for.

 

[Cyber-Mav]

I imagine he is referring to the inefficient GPU mining that we will all end up paying for.

yep. in a world where they are supposed to be cutting down pollution and energy waste crypto has no place.
give it some years, activists will start taking action and those who do crypto will end up getting stabbed etc.

 

[Grim5]

I see HP is directly advertising pre builds as a way to get a GPU. The advertising says come buy a HP pre built it's cheaper than buying a GPU from a PC store

 

[KillBoY_UK]

https://wccftech.com/nvidia-allegedly-sold-175-million-worth-ampere-geforce-rtx-30-gpus-to-miners/

And that's from a year ago. Imagine how much they've made doing it in the 12 months since.

A: "Allegedly"
B: Could be interpreted as 175million worth of gpus on cards , eps as is WCCFTech and its sources article is behind a pay wall
C: Nvidia's 2020 q3 earnings where $1.9 billion (over $3 this quarter) so 175 mill would represent a small fraction of that even of it was true

 

[KillBoY_UK]

No magic bullets? Build more fabs?

They take many years and billions to build, there is more stuff in shortage that go into graphics cards than just the gpu or vram silicone