Nvidia shares have declined about 21% over the past three months and stumbled further after growing concerns around the company’s gaming business. The customer GPU segment of the company recently started receiving order cancellations due to a slowdown in customer demand and excessive inventories. There is also a slowdown in PC demand after the recent rise in chips shortage.
Analysts believe that the consumers’ GPU demand has considerably become less from China which accounts for more than 25% to 30% of the market for GUPs. The awaited Ethereum fork is expected to constitute reselling of GPUs no longer required for Ethereum mining which could put pressure on the prices.
