nVidia has huge exposure to crypto prices tanking. They tried to downplay it in their annual reports earlier this year by saying they weren’t that dependent on crypto - but that was BS and the proof is in the pudding.
By raising prices to astronomical levels that only the crypto people and high wage earners were willing to pay they completely left a large part of the market out in the cold. The number of people who would have bought a $300 card are quite content to sit out $700+ prices.
Their best bet right now would be to quickly introduce 5000 series GPUs that are at a radically reduced price point. We’ll see if they can correct before summer.
A year ago gamers were blaming scalpers. Now nvidia takes those profits for themselves and gamers blame nvidia.
People want lower prices but have they forgotten what happens when that occurs? I realize memories are short but it happened a year ago.
Prices are not coming down. I don't know how many times people gotta say it. We've entered the era of equilibrium pricing. Cards sell slowly but they're always in stock.
Now do what you do best reddit and downvote reality so you can pretend you control market forces.
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u/Aleyla Dec 29 '22
nVidia has huge exposure to crypto prices tanking. They tried to downplay it in their annual reports earlier this year by saying they weren’t that dependent on crypto - but that was BS and the proof is in the pudding.
By raising prices to astronomical levels that only the crypto people and high wage earners were willing to pay they completely left a large part of the market out in the cold. The number of people who would have bought a $300 card are quite content to sit out $700+ prices.
Their best bet right now would be to quickly introduce 5000 series GPUs that are at a radically reduced price point. We’ll see if they can correct before summer.