Nvidia was banking on the crypto bubble too, they overproduced graphics cards and then took 300,000 of them back from an OEM partner because the market was saturated.
To me, that says "priced too high," they might be making great margins but they couldn't sell all of them. I probably would've bought one if the price were more in line with the GTX 900 series. At this point I'm hanging on to see how AMD looks, either for getting one of their new cards or hoping they can put some pricing pressure on Nvidia.
https://seekingalpha.com/article/4182662-nvidia-appears-gpu-...
To me, that says "priced too high," they might be making great margins but they couldn't sell all of them. I probably would've bought one if the price were more in line with the GTX 900 series. At this point I'm hanging on to see how AMD looks, either for getting one of their new cards or hoping they can put some pricing pressure on Nvidia.