Nvidia Warns the GPU Shortage Isn’t Ending Anytime Soon

Nvidia has delivered an unwelcome update for anyone hoping to build or upgrade a gaming PC soon: the company expects graphics card availability to stay tight for the next few quarters, with no clear timeline for when shelves will look “normal” again.

The ongoing GPU shortage has already stretched on far longer than most gamers expected, and it has helped fuel years of inflated prices. In comments attributed to CEO Jensen Huang, Nvidia signaled that supply constraints aren’t easing in the near term. After that, the picture remains uncertain—largely because the broader chip industry is rapidly adapting to where demand (and profits) are strongest right now.

For gamers and PC builders, that demand shift matters. Nvidia, as a publicly traded company, naturally prioritizes the most profitable segments of its business. At the moment, data center needs are a major driver, and that competition for components and production capacity can leave consumer graphics cards in a tougher position. In practical terms, even if new cards launch and restocks happen, they may continue to arrive in limited quantities, keeping prices elevated.

It’s not just GPUs adding pressure to PC build budgets. DDR5 RAM pricing has also been volatile, with reports of prices jumping as much as five times over roughly the past year. While there has been a slight pullback since January—suggesting there’s a ceiling where buyers simply refuse to pay more—the larger trend still underscores how expensive modern PC building can become when supply is constrained.

There are signs that the market can push back. In Japan, for example, AMD Radeon RX 9060 and RX 9070 prices reportedly hit peak levels in January, then demand dropped and prices followed, falling by around 20% in about a month. That kind of correction shows that extreme markups don’t always hold forever. Still, it doesn’t necessarily mean a return to normal pricing is close.

The more likely scenario in the near future is a frustrating middle ground: occasional price dips, limited-time retail deals, and small improvements in availability—but overall pricing that remains well above MSRP for many models. Unless something major changes, such as a sharp decline in data center demand or a significant expansion in manufacturing capacity, buying a graphics card or building a full gaming rig is likely to stay expensive for the foreseeable future.

For anyone planning an upgrade, the takeaway is simple: don’t count on quick relief. If you spot a genuinely good deal at a price you’re comfortable with, it may be worth acting—because the broader supply situation, at least according to Nvidia, isn’t expected to loosen anytime soon.