The 7700x released at a bad price point (slightly under the 13700k), but in just a few months it dropped to 300$ (I think it even sold for cheaper than the 7700 non-x for a while).I paid twice for it cause I got it before the 7700x was even released. That's a very silly argument to make simply because the 13700k was released alongside the 7700x for the exact same MSRP and it's faster than my 12900k. I have no idea why you'd even mention that.
And no, the 9700x will get nowhere near the 12900k even at the same power draw. I can bet money on that. Locked to 125w I score 24k at stock, no undervolting or anything. I know amd fans like to mention fractions of power draws but in reality most competing amd cpus are slower than the intel parts at the same power draw, lol.
What good is an upgrade path if you have to buy multiple cpus to get what an Intel user had back in 2021? Doesn't make sense right?
"Locked to 125w I score 24k at stock" - just the IPC increase puts the 9700X on paper at ~23k (~19.9K + 16% = ~23k), and all rumours put the MT performance increase to be above the average IPC. which should place the 9700X right in the middle between the 12700k and 12900k (no 125W TDP limit), or at 12900k levels with 125W limit. (and I'm talking about a 65W CPU).
"What good is an upgrade path" - it is good because it simply makes upgrades cheap. you can go the 14900k "upgrade" and still be behind what AMD puts out with Zen5 (hell, you will be behind the Zen 4 3D CPUs
Let me put things into perspective. If you limit the non binned non-x 7950x to 65W it still scores more than the 12900k at stock. a 65W limit... ouch.
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