The global GPU shortage has profoundly impacted the tech industry and consumers, causing soaring prices and limited availability of graphics cards. This...
The GPU shortage was primarily caused by increased demand from cryptocurrency miners, a surge in gaming due to the pandemic, and significant disruptions in the global supply chain, particularly chip manufacturing.
While the situation has largely improved, earlier expert predictions for a complete resolution varied, with many pointing to late 2023 or 2024 as supply chains slowly recover and demand stabilizes. Today, the shortage is mostly over.
Consumers faced significantly inflated prices for graphics cards, making them difficult and expensive to purchase. Many struggled to upgrade their gaming PCs or acquire new systems during the peak of the shortage.
The boom in cryptocurrency mining, especially Ethereum, created massive demand for high-performance GPUs. Miners bought up available stock to increase their mining capabilities, significantly exacerbating the shortage.
Yes, GPU prices have largely returned to near MSRP (Manufacturer's Suggested Retail Price) levels following the cryptocurrency market downturn and improved supply. The severe price inflation seen during the shortage has subsided.