Any speculation on the impact of GPU shortages on a PCB software company such as Altium? NVIDIA and AMD got absolutely hammered and the secondary market is rife with scalpers (both retail and individual).

For those unaware, there has been a drastic undersupply of GPUs on the market due to:

• Covid isolations encouraging significantly higher use of gaming PC's (and consequent upgrades)
• Mainstream bulltrend in crypto has created a higher demand for mining hardware
• Covid-related supply chain issues
• Expired tariff policies for some companies
• Covid vaccine-related data science research creating higher demand for computing hardware
• Scalpers seeing opportunity and hoarding, throttling the GPU economy 

As a result, the few GPUs that are available have rocketed in price (retailers also increasing the price - simple supply/demand). Older GPUs are also going up in price to replace the prior cost of the newest line. There are memes all over the internet.

In my mind PCB design tech would not directly benefit from increased demand on end-products, such as GPUs, in the same way wafer manufacturing and raw material companies would.

Perhaps:

1. GPU design companies would increase staff off of growth launchpad? (therefore increase subscriptions)
2. Alternative GPU design companies created seeing the gap in non-saturated market? (therefore initiate subscription)

Open to discussion.

https://www.altium.com/resources/unaudited_sales_and_revenue_for_the_half_year_ending_31_december_2020.pdf  

In the latest announcement, where Altium re-confirmed guidance for the full year, this comment was made:

"China underperformed with a decline of 15% in revenue for the half as licence compliance activities have become more challenging at the low end of the market due to uncertain economic conditions post COVID in China"

Is anyone able to dissect this comment a bit and tell me if there is something to be concerned about, with regards to Aus/China trade relations? What is exaclty meant by the licence compliance activities part? 

Noting as a backdrop that the PE is quite high for Altium and revenue growth has been slowing over the last 3 or 4 half year reports, even pre covid.

Any thoughts on Altium these days? I'm confused. It's still reportedly a solid company with good growth runways. It's a US tech company, and it's peers have certainly performed positively this year, and yet Altium has done literally nothing (in terms of stock price) in 19 months. 

Why is this fantastic company backsliding ?