Nvidia: $10B GPU Demand May Be Gone Permanently

M

mk76

Adept
Nvidia: $10B GPU Demand May Be Gone Permanently

  • Ethereum switch away from GPU-based mining will permanently remove over $10 billion in demand for GPUs.
  • Nvidia's revenues, margins, and profits are all going to take a dive.
  • With a nosebleed valuation before the crypto demand crunches earnings, NVDA has a long way to fall before the valuation makes sense.
So no more GPUs will be purchased to mine Ethereum. And all the GPUs recently mining Ethereum will need to find other uses (likely many will be dumped into the used GPU market).
 
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