Where is the wafer capacity coming from? Nvidia can't keep up with demand for $2000 cards, what's the point of wasting their time trying to produce a "mass market" GPU for $150 they have no where near the capacity to properly produce?
I'm not arguing that Nvidia makes more upfront money selling a single $1500 card than they make by selling 10x $150 cards.
Similarly they make more money rebadging that $1500 RTX card and selling it as a $6000 Quadro.
We all know that, now Nvidia knows they can charge more, they will continue to raise prices dramatically.
I'm just saying that, as a gaming customer, I have never cared about workstation or Server-grade GPUs which cost more than my car. Now that gaming GPUs are getting pushed deeper into that category, I no longer care about gaming GPUs.
When I'm building a computer for a family member that wants to learn how to make youtube videos, I can't justify that they spend 3/4 of their of their computer budget on a "nice to have" feature like a dedicated GPU -even though adding a sub $200 card would normally have been a no-brainer addition.
One reason why Nvidia should care is because they make a whole lot of money licensing proprietary software and tools to game developers. It's an essential part of their core business. Unfortunately for Nvidia, none of their "mass audience" cards support any of the new technologies that they are trying to license for developers (RTX, DLSS, etc.).
Game developers are only interested in targeting the largest possible user base, and Nvidia has historically dominated that market. Gamers are a reliable source of repeat busines; mining companies are not.
Nobody wants to make a game targeting a $700 GPU as a minimum system requirement, because only a tiny niche of gamers actually buy cards in that price category. If Nvidia kills off mainstream PC gaming hardware, then their competitive edge is gone, and they eventually lose most of their middleware/software business to Intel (iGPU), AMD (consoles), and mobile.
They need that market to "stay big" and keep the scale required for the giant R&D budgets needed to support their pro/server business.