Nvidia Anticipates Gaming Chip Shortage to Continue Through Year-End 2024

Nvidia expects the global shortage of gaming chips to persist until the end of 2024, impacting its gaming business despite strong demand. Supply constraints stem from increased prioritization of memory chips for AI and data center applications, limiting availability for consumer electronics and gaming consoles. Industry forecasts predict a decline in the console market this year, reflecting ongoing challenges amid slowing consumer demand and tight chip supply.