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Nvidia warns of gaming GPU shortage this quarter, recovery in early 2025 — Chipmaker rakes in record profits as net income soars by 109% YoY
A decline in gaming owing to supply constraints, right before the Blackwell launch.
Nvidia's earnings for the third quarter beat analyst expectations as it doubled its profits year-over-year, mainly due to massive strides in the data center market and a healthy uplift in gaming revenue. But Nvidia CFO Colette Kress sounded an alarm during the earnings call as well — saying there's a potential gaming GPU supply shortfall coming this quarter. And having this happen right amid the holiday shopping season, with a potential boost in ASPs (average sale prices), it's not exactly a bad situation for Nvidia — the company gets to clear out remaining Ada inventory at a premium in advance of the next-gen GPUs — though we don't expect lower-end models to come until later in 2025.
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