I'm really not so sure about that, in fact I think AI is escalating into a proverbial cold war between tech companies and Nvidia is the primary arms dealer right now.
Don't get me wrong, I'm not saying it's a good avenue or that it'll work out, but it's absolutely an ongoing thing.
IBM has replaced hundreds of workers with AI, and now reports that 94% of routine human resources (HR) tasks are handled by artificial intelligence.
www.forbes.com
IBM is looking to sell this model to other companies after sacking off most of the department, there is evidence of it "hiring a ton of people" recently which people use to argue against its success, but as far as I'm aware they spent the saved HR staff money on hiring productive talent in engineering/research roles rather than rehiring HR people.
For better or worse, right or wrong, I do not think this is a bubble that's going to pop anytime soon, and people have been making that claim for nearly five years now and things only keep becoming more extreme.
Gamers are not the bread and butter for Nv, if anything I suspect the only reason they're still bothering with the market is research related as it's a tiny revenue outlet. Even if AI went down the proverbial toilet they'd still make more from super computer designs/setups than they ever will from the consumer market.
See here:
https://www.statista.com/statistics/274424/devices-used-by-children-for-gaming-in-the-uk/
There is a growing trend of kids and younger people preferring to use mobile devices for literally everything, including gaming. It's not a market to bet on long term anymore unfortunately, and I suspect it's going to sway even more going forward.