I don't think 'gaming is dead' because as numerous replies here have said that just means you only play AAA games or something as there's still plenty of good shit out there. The industry is having some serious issues obviously though, but it's not dead or anything clickbait-y and dramatic like that. Like
@Tonberry and
@jiyuuboyetsvi pointed out I really think it comes down to the inflated money and business aspect of the AAA world and the technology chase that spawned it.
People like to throw around the "incoming game market crash" line a lot too which I think is also a little silly. A part of the reason the game market famously crashed in the mid 80's was there was no other real alternatives or options available at the time, and we definitely have them now which makes me think there won't be a complete crash again; when Atari went under, you couldn't really go anywhere else as they were both dev and system manufacturer. I think the AAA bubble will burst eventually, but there's plenty of other gaming spheres that will be largely unaffected I think; game companies maybe flounder for a bit but will eventually adapt like business and the market always does.