There is no doubt that NVDA is still one of the best technology companies!
Although NVDA has recently suffered great downward pressure, it is undeniable that demand is far greater than supply. We can see that the rtx3050 series is still selling well.I think the reason why NVDA has great downward pressure is mainly due to the influence of virtual currency. Some people have begun to withdraw from the currency circle, which has reduced the market price of graphics cards such as rtx3060 3060ti 3070. Many analysts say there will be a "mining disaster" in 2022. this is also an important factor affecting NVDA.
Although NVDA has deliberately limited the hash algorithm utility of its own graphics card, it still can not stop the enthusiasm of people who invest in virtual currency, which makes the dissatisfaction of normal GPUdemanders soar, resulting in the phenomenon of not buying GPU.
I don't think NVDA's share price has improved in the short term, but in the long run, with the weakening of the wave of virtual currency, NVDA will gradually return to normal. After all, they are still one of the best GPU companies.$NVIDIA Corp(NVDA)$
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