Chief Financial Officer Colette Kress made the statement at the UBS Global TMT conference on Monday, reports
PCMag. Kress spoke about the steps Nvidia was taking to improve the nightmarish graphics card situation caused mainly by the global chip shortage. “The company as a whole will take the appropriate work to continue to procure more supply,” she said. “We’ve been able to grow quite well during this year, each quarter, sequentially growing. And we do continue to plan to do that for Q4.”
Kress followed up with the part we’ve all been waiting for: “So we believe we will be in a better situation in terms of supply when we look at the second half of next year.”
In August, Nvidia CEO Jensen Huang
said he expected graphics card issues to last throughout the vast majority of 2022. Kress does make it sound like things will improve sooner, though technically, the second half of next year could refer to December 2022. She also said it’s unclear when the “stabilization point,” where supply and demand even out, would be reached. “We’ll have to wait until we finish the holiday seasons to see how that inventory in the channel is looking,” she added.
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