Rising GPU prices just might turn Nvidia into a buy

Yahoo Finance · Yahoo Finance Video ·

In The Loop host Ejaaz Ahamadee compares the rising prices of older GPUs with the drop in crypto tokens, underlining how this can be beneficial for Nvidia...

In The Loop host Ejaaz Ahamadee compares the rising prices of older GPUs with the drop in crypto tokens, underlining how this can be beneficial for Nvidia (NVDA).

Actually, if you look at the demand for these GPUs, there's two data points that are completely irrefutable, especially if you're taking a bearish view of this. Number one is the value of these GPUs. I'm talking about the old GPUs which a lot of people say are going to depreciate really quickly.

There's 6 to 10-year-old GPUs that are currently worth 3X, 2 to 3X more than they originally did when they debuted. This is the cost to rent them out and the price to rent these things out have gone up on order of around, I think it's like 60 to 70% since July.

Read the full story at Yahoo Finance · All coverage of this story