- Nvidia's CEO, Jensen Huang, said its supply issues are easing in its Q4 earnings call Wednesday.
- Despite supply chain improvements, Nvidia expects demand to outstrip supply this year amid the AI boom.
Jensen Huang said Nvidia's supply issues are easing as it struggles to keep up with demand for its chips amid the AI boom.
The Nvidia chief said its supplies are "improving" in its fourth quarter earnings call with investors Wednesday.
"Overall, our supply chain is just doing an incredible job for us," Huang said.
"Everything from the wafers, the packaging, the memories, all of the power regulators, to transceivers and networking and cables, you name it."
He said that its routing technology business, InfiniBand, grew five times bigger year-on-year and that it expects for demand to continue to be stronger than its supply throughout the year.
"We'll do our best and the cycle times are improving," Huang said.
He then hedged that remark by saying ramping up supply cannot be achieved overnight.
"We're going to continue to do our best. However, whenever we have new products, as you know it ramps from zero to a very large number and you can't do that overnight."
He added: "There's no way we can reasonably keep up on demand in the short term as we ramp."
Nvidia's revenues soared in the fourth quarter to $22.1 billion beating the most optimistic estimates from analysts. Its stock jumped almost 15% in premarket trading after posting the historic quarterly results, which saw revenues increase by 265% year-on-year.
The company shared that it expects revenues for the current quarter to be about $24 billion.
"Accelerated computing and generative AI have hit the tipping point," Huang said in a press release.
Nvidia didn't immediately respond to Business Insider's request for comment, made outside of normal working hours.