Is the GPU shortage over in 2023? Yes! Buying a GPU at a retail price a few years ago was unexpected. But now the problem has been sorted out, and the company has enough stock to supply to their customers. Besides, Jensen Huang, the CEO of Nvidia, stated, “Company is dealing with “excess inventory” of RTX 3000 series GPU ahead of its next-generation RTX 4000 series to be launched later this year 2023.”
In 2022, it was a roller coaster ride for the prices of GPU and its demand. In the year 2023, no more GPU shortages, but they are too expensive, and customers have to think before buying GPUs.
The manufacturers have been cleared we are not in GPU Shortage right now, we have enough stock to sell and supply, but the prices are high, and people are afraid of it.
Let’s explore it further to take a look at the current situation of the GPU market and what exactly happened when there was a high demand and shortage at the same time that strictly prohibited customers from buying GPUs. Also, what are people expecting right now?
GPU Shortage 2023
The GPU Shortage issue has been there for over two years, but people are getting relief after discovering that the shortage is over in 2023. Things returned to their normal state in 2022, but the conditions were not as good as before the COVID-19 pandemic. People are still facing the issue and dealing with the limited supply and high prices.
Why Is There Such GPU Shortage Cause?
- There is a lot of GPU Shortage, and one of the primary reasons for the GPU shortage is cryptocurrency mining. The GPU is rapidly going out of stock as Cryptocurrency miners demanded them and bought them as more as they were available. The price of GPU increased more than 2 times because of its low stock. Cryptocurrency has gained popularity since 2020, and the demand for GPU has also increased. GPU burnt out very quickly in the mining procedure than the normal gaming PC.
- Yes, You can say that only Cryptocurrency mining doesn’t affect the GPU shortage. Several other reasons may also affect, i.e. manufacturing disruptions. Because of Coronavirus, everything was disturbed, and the GPU manufacturing process was also affected. During COVID-19, the factories were used to close for a long period which disrupted the manufacturing process. Also, it impacted the delivery process and supply issues. It was estimated that things would be on track by the end of 2020, and the GPU shortage may also cut down.
- During Coronavirus, the demand for GPUs was high, but the manufacturing process was too slow, which disturbed the procedure and caused a drastic decline in GPUs.
- At that time, people were locked in their homes, and the demand for computers and laptops increased, so computer equipment also rose in number, which led to a high reduction in computer equipment, and GPU was one of them, which affected the most.
n Short: The major reasons for the GPUs shortage include the following:
- Drastic Demand during Coronavirus Outbreak.
- Cryptocurrency Mining was one of the major causes of its shortage.
- Slow in the manufacturing process due to several reasons during the COVID-19 pandemic.
What To Do And What Not?
As the demand is rising, the GPU shortage will not end. So here are some possible solutions you must keep in mind when you need them:
- This time GPU shortage is a big issue, but people need it the most, so in that case, you may look for a prebuilt PC. Yes! It would be the best alternative for you to buy at this time. But it may cost you more than the other PCs. You can buy it from manufacturers directly, or you may also buy it from companies such as CyberpowerPC and iBuyPower. There are several benefits of buying prebuilt PCs. One of the best advantages is they are not more impacted by GPU shortage.
- If you need a GPU, then try to get a used GPU according to your preference, such as its comparable power and its generation. You can buy it from the manufacturer and other people who own it. This will also work best for you in terms of capacity and price. While buying a used GPU, look for its shelf life. It may not have its life end for better support in gaming terms.
- Do not trust anybody, as people make you a fool while selling used items because they can take advantage and sell you a used GPU at a high price. First, compare prices from one or two sellers to get the best quality product at a reasonable price that may benefit you. If you do not find any seller in person, then you must find a better option on eBay because products on eBay may charge a little bit more money than others but will give you the best product you may look for!
- The last option is you may wait for the GPU shortage to be over; no two ways are. There. If you find the solutions mentioned above useless and they won’t suit you, then you must better prefer to wait until the shortage gets over. It was estimated that its manufacturing and delivery would get back on track in 2022. Its demand is high, and people long for GPU stock to return to its normal state.
What Other Alternatives Can You Choose For Nvidia And AMD GPUs?
- Alternative for the Nvidia GeForce RTX 3090 and AMD Radeon RX 6900 XT
- Alternative to the Nvidia GeForce RTX 3080 and AMD Radeon RX 6800 XT is Nvidia Titan RTX
- Alternative to the Nvidia GeForce RTX 3070 and AMD Radeon RX 6700 XT is RTX 2080 Ti
- Alternatives for the Nvidia GeForce RTX 3060 Ti and AMD Radeon RX 6700 XT are RTX 2080 Super, GTX 1080 Ti, RX 5700 XT
- Alternative for the Nvidia GeForce RTX 3060 is RTX 2070, RX 5700, GTX 1660 Ti, and RTX 2060 Super
Is The GPU Shortage Over?
The GPU shortage has been over, and its manufacturing and distribution are returning to their normal track. But it takes almost 2 to 3 years to get back to its normal state after the COVID-19 pandemic. Even now, people find it difficult to buy GPU because its prices are so high. It was known that after GPUs returned and the prices hiked, they would be more than people expected. Its supply is also limited right now. Conditions are not as good as before, and people expect more in the upcoming days.
Its limited supply led to the price hike of the GPU.
All in All, the GPU shortage is no longer now, but another problem is arriving that may also affect customers and manufacturers, i.e., Excess Inventory.
How Long Does It Take For GPU Shortage To End?
GPU Shortage will likely be ended by 2024, as in 2020, the GPU Shortage was a big issue. In 2021, the GPU shortage was becoming better. Later in 2022, Its shortage was similar to the previous year. No changes were seen. The same thing happened with the AMD and Nvidia GPU customers.
Should You Have To Buy GPU Right Now
Yes, you should buy it if you are in great need of it! If not, then you should wait more because the CEO announced we have plans for the next-gen RTX 4000 launch at the corner, and the prices for the pre-existing GPUs will be cut down. So, If you don’t need it urgently, it’s better to wait for its price drop and its latest series.
Will GPU Rates Drop Anymore?
The CEO of Nvidia, Jensen Huang, stated, according to recent reports, The Company ArsTechnica is now on a mission to launch its next generation RTX 4000 series in 2023. Still, they are experiencing ‘excess inventory’ of the previous generation RTX 3000 series.
To make everything fine to launch the next-gen GPU series, the company declared that we would cut down the GPU production for selling to the laptops and PC dealers so they could become vacant their existing stock.
CEO of the company continued, we have also reduced the prices of the previous gen RTX 3000 series, and now the vacant space can be occupied by our new launch RTX 4000 series. This is our plan, and we plan to execute it so that customers also get a sigh of relief.
This means people can now expect the GPU rates to drop, and they can make the most of the next generation GPU, i.e. RTX 4000 series.
I hope the company can execute its plan early in 2023. People are curiously waiting to see a big drop in GPU prices. Customers have also reviewed their wallets and noticed that the GPU prices are unacceptable. If the company wants to see poor sales in the market, then we don’t expect Nvidia that they will continue selling their cards at such high rates.
