Nvidia CEO Jen-Hsun Huang has been in bullish form this week while revealing some hugely impressive financial results. Record revenue of $2.91 billion for the quarter is up 34% year on year and a 10 percent gain over the previous quarter.
“We achieved another record quarter, capping an excellent year,” said Jensen Huang, founder and chief executive officer of NVIDIA. “In a powerful sign of our progress, attendees at NVIDIA’s GPU Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI, self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform.”
For all of AMD’s efforts in the graphics card market, Nvidia remains an absolutely dominant force. According to Huang, Nvidia GeForce graphics cards are now more than six times as popular among PC gamers. Nvidia “increased its GeForce GPU share among gamers on the Steam online gaming platform to 86 percent” claims Nvidia in its financial report.
In regards to the current lack of supply of Nvidia GeForce graphics cards, Huang says that is purely down to incredibly high demand. Nvidia simply can’t make GPUs as fast as it’s selling them.
“We’re just constrained”, said Huang. “Obviously, we're ten times larger of a GPU supplier than the competition and so we have a lot more suppliers supporting us and a lot more distributors taking the approach to market and lot more partners distributing our products all over the world. And so, I don’t know how to explain this apart from demand is just really great. And so we’ve just got to keep our nose to it and catch up to the demand.”
While a large chunk of the demand is down to cryptocurrency miners, with revenue from miners increasing to a higher than expected percentage, a shortage of memory is also partly to blame.
Great news for Team Green then, but AMD’s got its work cut out if it wants to claw back more of the GPU market share. Vega and the Radeon RX 500 series were a decent stop-gap but they were all arguably too little, too late. Should AMD be able to hit the market with its next-gen GPUs in a shorter time frame there may be an opportunity to level the playing field somewhat.