Both Nvidia and AMD (AMD) have argued that they have minimized the downside scenarios from crypto, but Morgan Stanley is of the view that there will be a correction lower in gaming GPU in the first quarter of next year. This will be due to a combination of factors including lower demand due to a reduction in working from home, cryptocurrency migration to PoS, and “tough sequential comps after channel inventory rebuild in 2022,” it added.
Source: https://www.coindesk.com/business/2022/06/27/morgan-stanley-gpu-demand-likely-to-slow-if-ethereum-moves-to-proof-of-stake/?utm_medium=referral&utm_source=rss&utm_campaign=headlines