Nvidia cards will continue to increase in price until December

Earlier this month we anticipated that Nvidia's GeForce GTX graphics card prices would rise 10% due to memory shortages affecting all sectors. A new report from Mizuho's chief semiconductor analyst confirmed that this trend will continue through December, where crypto-driven demand is expected to stop.

Nvidia graphics cards will continue to increase until December

GPU inventory is running low and DRAM prices are rising due to shortages. The demand for Nvidia graphics cards among miners is higher than what everyone was expecting during this quarter, according to Mizuho, ​​who has increased the price of GPUs by 25% in the last six months.

Strong demand among cryptocurrency miners is expected to ease from December, the analyst notes. Citing the global shortage of DRAMs and cryptocurrency bans by the Chinese government as determining factors to decrease the demand for graphics cards among miners.

Cryptocurrency mining is the big culprit

The supply of Nvidia and AMD graphics cards has been under pressure in recent months, due to the recent boom in the Ethereum currency . Why precisely Ethereum and not others? Unlike other cryptocurrencies that can be mined with highly specialized ASICs, Ethereum can only be mined efficiently using GPU.

The best graphics cards on the market

But as the saying goes, "everything that goes up has to go down" and cryptocurrencies will slowly decline, at least that is what all analysts expect as we get closer to the final moments of this year. This will have a direct consequence with the prices of graphics cards.

Source: wccftech