Challenges for NVDA?

$NVIDIA(NVDA.US)$ As we can see from Nvidia's price movements, the stock is still sitting pretty despite a labored start to 2022, but it’s important to acknowledge that the value wiped off of the company’s market cap is unprecedented.

Order cancellations recently started in consumer GPUs, driven by excess consumer GPU inventories notably in Western Europe and Asia, a slowdown in consumer demand (reflected by an ongoing reduction in graphic cards pricing) notably in China, slowdown in PC demand, along with short-term factors such as covid-related shutdowns in China (logistical issues) and the Russia embargo.