Why Can't Nvidia Fill Its Order Book?

Jensen Huang says every large cloud, every neocloud, and every big manufacturer had already ordered, and so had the startups. NVIDIA looks out a year with most customers and two years with the largest ones, then ships less than they asked for. He published that fact so a customer would not have to guess whether they had been shorted. Almost every customer would buy more if he could deliver more. New orders still show up weekly, and some days daily.

Chips are not the only shortage. A couple of weeks ago NVIDIA announced two gigawatts in Australia, which he says is about 80 billion dollars, and land, power, and buildings are the limit he hopes to loosen on a coming trip to Europe. Substrates are getting larger, so each chip uses more material, and the packages warp. Silicon photonics is short as well. He has about 18 months of work in front of him. Supply rises every week, and the order book rises with it. He expects the gap to stay open for a few years.