It's not only about crypto ... also the fact is that whole semi sector is unde rpressure due to trade war. Look at semi conductor ETF.
Second, @tom.farrell85 you are right, they are bag holders now. and AMD is rocking. AMD is giving hard time to INTC as well.
@WaveAzzReaderz, Bro I actually like this company and in short term, price will rebound. But I am cautious .... It needs to break 254-271 price range to invalidate this massive H&S pattern. Also, if you notice, it's forming mini H&S within this massive H & S.
Have you taken into account that Chinese Crypto miners lost approximately 70% of their mining equipment due to recent floods?
With nVidia holding on to some 300000 units of stock, they might just get rid of them after all and introduce the next generation of GPUs sooner