NVDA & AMD Gaming GPU demand may soften

WG’s View: Price of NVDA & AMD GPU’s are approaching MSRP levels; not seen in the last 18 months. We may see the vacuum cleaner effect seen in other covid beneficiary stocks in NVDA if this price decline continues. Ethereum Mining profitability is also at its lowest levels in 18 months which affects demand for NVDA GPUs. These Gaming & Crypto mining GPUs were 43% of revenues for NVDA in its most recent quarter.