"GPU turning point" coming in the first quarter of next year? Faster than market expectations by one to two quarters!

The GPU production capacity is about to reach a turning point, and the cooperation between TSMC and Samsung is expected to alleviate NVIDIA's supply difficulties. The supply chain problem of HBM3 will be alleviated, which is currently the most advanced memory chip technology, mainly used for NVIDIA's flagship GPU H100. In addition, TSMC, NVIDIA's advanced packaging supplier, will also expand its production capacity. Design changes and order cancellations by cloud service providers are also important factors in the turning point of GPU production capacity. It is expected that after the advanced packaging capacity problem is resolved, the supply of related components will gradually increase.