During a Q&A with press to cover its GTC announcements, Huang commented about the continuous shortages for both graphics cards.
He said that demand will outstrip all of its supply through the year.
The RTX 3080 and 3090 sold out within minutes of pre-orders going live, but Huang says the issue is not with supply but rather the demand of both GPUs.
"Even if we knew about all the demand, I don't think it's possible to have ramped that fast. We're ramping really really hard. Yields are great, the product's shipping fantastically, it's just getting sold out instantly."
Nvidia has apologized for the launch of the RTX 3080 and the limited supply of the cards.
The company plans to launch the $499 RTX 3070, but the release date has been pushed to October 29th "in the hopes that the company can work with retailers to get the cards to more customers on launch day”.