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NVIDIA and AMD Are Losing Gamers to Cryptocurrency Chaos [The Motley Fool]

NVIDIA (NVDA)  More Company Research Source: The Motley Fool
Last nvidia earnings: 5/10 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
PDF The two chipmakers could suffer as price gougers force gamers to postpone their PC upgrades. Surging cryptocurrency prices caused demand for NVIDIA ( NASDAQ:NVDA ) and AMD 's ( NASDAQ:AMD ) high-end GPUs to spike over the past year. That sounds like great news for the two chipmakers, but the supply shortages and soaring market prices are also alienating their core gaming customers. GameSpot 's Jimmy Thang recently told readers that due to the cryptocurrency craze, which is skyrocketing the price of graphics cards, now is a really bad time to buy a GPU. Thang noted that NVIDIA's high-end GTX 1080 Ti, which has an MSRP of $700, now has an average street price of $1,350. The GTX 1080, which has an MSRP of $550, has an average street price of $1,100. AMD's top-tier RX Vega 64 has a whopping street price of $1,500 -- triple its MSRP of $500. Image source: Getty Images. In late January, Shrout Research's Ryan Shrout told CNBC that with availability con [Read more]

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