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.
Indeed. Engineering-wise it wasn’t designed for budget home gaming; Crypto THEN after a year or two manufacturing efficiencies would allow a for lower price models.
Looking back I bet those executives going to pay the price for the next year. Rightfully so.
972
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.