https://www.tomshardware.com/news/graphics-card-prices-update-june-15
Below MSRP mining GPUs are starting to flood the market. With crypto tulips finally wilting away it seems as if it's only the beginning. Mining economics barely breakeven now and will soon be unprofitable, i.e. time to turn off the lights and wait for better times or more likely dump the stock to try to cover incoming margin calls.
Any thoughts how big of an impact this will have on Nvidia (and potentially AMD) come earnings season end of July? I am particularly worried about the impact this could have on guidance.
Leave a Reply