I doubt that there will come a time that cryptocurrency prices will reach that high levels that it makes sense again to use GPUs for mining. Meanwhile specialized chips have appeared on the market which are optimized for mining.
No the other guy is right. You don't understand the question you are asking. ETH is/was the primary driver of NVDA RX480s among others selling out well in advance. With ETH going POS, and ASICs finally on the market for ETH, GPU profitability is highly unlikely to recover. Using NVDA as an analog for your thesis is like betting on GE to revolutionize AI.
Not to mention AMD is the leader in hashing ETH at the moment and both will go the way of the dinosaur as FPGA becomes more mainstream (XILINX, INTEL).
Excellent company with great mgmt and great technology. I see a floor being put in soon and then a nice move higher---perhaps 12 or 13 percent.
Ok stupid question time. What is ETH and POS stand for? How is ASIC going to hurt them? They can't do ASIC as well?
ASIC stands for Application Specific Integrated Circuit. Basically it is a chip which is optimized to do one task, in the context of this discussion mining cryptocurrencies. Usually it is only small semiconductor companies who are interested in designing and manufacturing ASIC products. The larger semiconductor companies (e.g. Nvidia) usually find the business case for ASIC products not compelling enough to invest in it. ETH stands for Ethereum, which is a specific cryptocurrency (another example is Bitcoin, abbreviated to BTC). I am not sure what @tsznecki refers to with abbreviation POS (point of sale?).