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- NVIDIA left AMD struggling at 10% and Intel with negligible GPU sales in Q3-2024.
- Overall, GPU sales decreased by 7.9% year-over-year in Q3 2024, a significant drop of 14.5% compared to the previous quarter.
- AMD faces a critical challenge in regaining market share and avoiding further decline, while Intel’s GPU efforts remain insignificant.
We already have new trend data regarding market share and sales for the big three gaming graphics card companies, and the data is not good for users. Why? A monopoly is never good; in this case, two of the three players are in a complex crisis; in fact, they are at a point of no return.
NVIDIA leads GPU sales in Q3 2024 with an iron fist, achieving the highest share in the last 22 years and one of the largest in its history.
Data from Jon Peddie Research (JPR) shows a clear trend in the same period since last year and how AMD is not convincing users. At the same time, Intel has not only not taken off, but it does not even really exist in terms of shipments and sales.
The new generation of RX 8000 and RTX 50 GPUs could be the end of the blues in a hyper-competitive market and, at the same time, the beginning of AMD’s total decline, given recent leaks about new RTX 5080 and RTX 5090.
NVIDIA GPU Sales Destroying AMD And Intel In Q3 2024
AMD is struggling to get back on its feet and is right to focus on mid-high and mid-range gaming graphics cards because it runs the risk of leaving the sector in 2025 if this trend continues.
After buying ATI in 2006, the Red Camp has not stopped losing market share, which was consummated against NVIDIA with the launch of the Radeon X1000. This was the beginning of the decline in 2005 that will continue 20 years later, already worse.
The latest JPR report shows that AMD has lost another 2% share to NVIDIA and is now at an alarming 10% of sales. NVIDIA takes the remaining 90% because Intel sells only a few thousand graphics cards worldwide.
This shows that NVIDIA has a dominant position of power like never before in its history since it was founded, and it is not something they have earned. Therefore, as Intel is doing with Battlemage, AMD has to react aggressively if they want to compete against the green giant with the RX 8000.
Bad Time For General Sales of Gaming GPUs
The graph above is already descriptive in itself, but let’s look at the key data to understand the current situation in the sector. No less than 8.1 million graphics cards were sold in this last quarter, which seems like a lot but represents a 7.9% year-on-year drop, that is, compared to the same period last year.
What has happened quarter after quarter? Even worse. We are talking about an impressive drop of 14.5%, which can be explained by the fact that players are waiting for the new graphics from one company or another. Normally, this pre-holiday period is a reason for sales, but this is not the case.
What will happen in the future? JPR believes that if Trump imposes famous tariffs on everything not manufactured outside of China, the trend will be alarming because there will be no more salary increases planned for employees due to the weak global economic situation.
Therefore, the forecasts are very low for GPU sales for the next two years, which does not mean that they will improve with each architecture launch for their respective companies, but after that…
Tough times are coming for Intel and AMD, surely less so for NVIDIA for dominating GPU sales with solvency in Q3-2024. What’s your thought on this Green camp dominance? Share your thoughts in the comment sections below.
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Sajjad Hussain is the Founder and Editor-in-Chief of Tech4Gamers.com. Apart from the Tech and Gaming scene, Sajjad is a Seasonal banker who has delivered multi-million dollar projects as an IT Project Manager and works as a freelancer to provide professional services to corporate giants and emerging startups in the IT space.
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