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Mining GPUs beginning to flood the market. Influence on Nvidia? : shares

by Index Investing News
June 17, 2022
in Stocks
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https://www.tomshardware.com/information/graphics-card-prices-update-june-15

Under MSRP mining GPUs are beginning to flood the market. With crypto tulips lastly wilting away it appears as if it is solely the start. Mining economics barely breakeven now and can quickly be unprofitable, i.e. time to show off the lights and look ahead to higher occasions or extra possible dump the inventory to attempt to cowl incoming margin calls.

Any ideas how huge of an influence it will have on Nvidia (and probably AMD) come earnings season finish of July? I’m significantly fearful in regards to the influence this might have on steering.



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