[ad_1]
The demand for GPUs from AMD and Nvidia has increased and the initial idea is that gaming PCs are the main reason. But the price of Bitcoin is also likely to drive supply shortages.
Wedbush strategist Brad Gastwirth noted:
Bitcoin reached its highest levels since 2017 yesterday. While we haven’t found any signs that increased interest in mining is creating additional demand for GPUs (with demand for gaming PCs being the main factor in parts shortages RTX 3000), the recent rise in crypto could generate another possible short-term demand driver for graphics chip makers and it is a situation we are monitoring.
In fact, Bitcoin hovers around the $ 18,000 range and once people get used to those prices, cryptocurrency mining activity is very likely to pick up again. Nvidia saw a two- to three-quarter increase in demand due to crypto mining. Nvidia apologized for a messy launch of the RTX 3080 and raised an FAQ.
Nvidia said:
This morning we saw unprecedented demand for the GeForce RTX 3080 from global retailers, including the NVIDIA online store. At 6AM Pacific we tried to power the NVIDIA store live. Despite the preparation, the NVIDIA store was flooded with traffic and encountered an error. We were able to resolve the issues and sales began to register normally.
To stop bots and resellers in the NVIDIA store, we are doing everything humanly possible, including manual review of orders, to get these cards in the hands of legitimate customers.
Coindesk
In other words, Nvidia’s gaming GPU results are likely to be strong for the third quarter. The RTX 3000, launched in September, is seeing strong demand, but it’s unclear if it’s all about gaming given the rise in Bitcoin prices. AMD released its Radeon RX 6000 series in October.
Related:
