My last GPU was a EVGA 1050 TI SC which I never got to play with but before that was a EVGA 750 TI SC which was good enough to play Rust. Since then I've been using GeForce Now on a Chromebook. With Cloud gaming, It seems like hardware will disappear... Hopefully im wrong.
I used to think this, but one of the great joys of PC gaming is the PC itself, and I don't see mid to high end PC gaming going away in my lifetime, particularly since the FPS standard has moved from 60 to 120 and beyond, and the resolution is gradually changing to 4k. These are things that cloud gaming is a long way from being able to replicate. I hate to say "never" because those statements are always funny 10 years later, but the way that PC gaming tends to advance, it may not be possible for cloud gaming to keep up. It's significantly behind now, and PC gaming isn't standing still.
What I see happening is that graphics cards get more and more expensive, and the people who would traditionally buy the low end cards, the budget gamers, will gradually move to cloud gaming.
Geforce Now started out extremely well in terms of gaining new customers, but it's slowed down tremendously the last couple of years. I see it continuing to slow down, particularly since AMD is coming out with low end cards that are bangers.