Remember how the crypto mining wave and the health crisis caused a disruption in GPU stocks that resulted in skyrocketing prices? Well, that’s way over now. In fact, things got worse, but in the opposite way.
A new study from Jon Peddie Research (JPR) shows that GPU sales continue to fall in the first quarter of 2023 as they are down 38% compared to the same period last year and 12% lower compared to the quarter before it.
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Albeit, numbers like these do come with some caveats. For one, JPR’s numbers last time mistakenly included 60,000 Intel data center GPUs. They’ve adjusted the numbers since then.
Going back, the study still has Intel at a large fraction of AMD volumes while also displaying AMD decreasing to a very small fraction of NVIDIA sales. This basically means that NVIDIA might be in trouble while AMD’s GPU business is worse.
That said, take JPR’s numbers with a grain of salt as they are not peer-reviewed or industry audited. They come up with estimates using different techniques, which include getting information from contacts at some but not all players in the market.
Still, the story here is that the GPU market as a whole just got one of its worst drops in terms of sales by the end of 2022 and the numbers continue to worsen despite new GPU releases.