Nvidia and AMD graphics card prices could be about to fall again

midian182

Posts: 8,328   +103
Staff member
Recap: Readers of this site will probably be aware that Nvidia, AMD, and the companies' respective partners have been aggressively reducing the price of graphics cards recently, the result of overstock and a need to clear inventory before the next generations arrive. But according to a new report, people aren't rushing to buy the GPUs in the sort of numbers that were expected. The solution? Make the cards even cheaper.

The report from MyDrivers states that efforts to shift excess Nvidia and AMD graphics card stock by reducing their prices aren't going as well as hoped. Citing the Taiwan Economic Daily and sources from the country, the publication claims a new round of price cuts will be implemented in September, one that will see deductions even larger than those implemented throughout August.

It's ironic that after consumers spent so long looking at expensive, out-of-stock graphics cards with sadness, the companies and retailers selling them are now being forced to keep dropping their prices due to excess stock. There are several reasons behind this, such as the crypto market crashing, the shaky economy/rising inflation discouraging luxury purchases, and the upcoming next-gen cards. Lovelace could actually prove to be a problem for Nvidia: with even the mid-range RTX 4000 cards said to outperform current flagships, why pay more for the latter?

August GPU Pricing Update: Nvidia and AMD Seriously Want to Offload Current-Gen GPUs

  MSRP Newegg Lowest Price June Newegg Lowest Price July Newegg Lowest Price August Current Price Inflation Price Increase July to Aug
GeForce RTX 3090 Ti $2,000 $1,650 $1,470 $1,350 -33% -8%
GeForce RTX 3090 $1,500 $1,600 $1,270 $1,220 -19% -4%
GeForce RTX 3080 Ti $1,200 $1,000 $930 $870 -28% -6%
GeForce RTX 3080 12GB n/a $870 $740 $750 n/a 1%
GeForce RTX 3080 10GB $700 $770 $820 $730 4% -11%
GeForce RTX 3070 Ti $600 $680 $670 $620 3% -7%
GeForce RTX 3070 $500 $580 $530 $520 4% -2%
GeForce RTX 3060 Ti $400 $500 $470 $450 13% -4%
GeForce RTX 3060 $330 $380 $410 $380 15% -7%
GeForce RTX 3050 $250 $330 $330 $310 24% -6%
        Average -2% -6%

It was only a couple of weeks ago when reports from two Chinese sources claimed Nvidia planned to continue pushing down GPU prices and that, once again, the RTX 3090 and 3090 Ti were to receive some of the most significant price drops; Nvidia previously knocked $400 off the latter card's $1,999 MSRP (Founders Edition).

Nvidia CEO Jensen Huang last week confirmed that the company is now experiencing excess inventory and that the only solution was to drop prices "to give the channel an opportunity to correct."

It's all good news for consumers, of course. The only problem gamers face now is whether to take advantage of the falling prices, wait to see just how far they drop, or hang on for the RTX 4000 series. There were rumors that the only Lovelace card to land this year will be the now-in-production RTX 4090, which could influence people's decision, but with the RTX 4070's performance said to match that of the RTX 3090 Ti, it's quite a dilemma.

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Nobina

Posts: 3,964   +4,554
In the Balkan region, where I am from, the cheapest RTX 3070 is 740EUR and it's the MSI Ventus 2X one. If you want a better model, ASUS TUF let's say, it's 810EUR and up.

RX 6700 XT PowerColor Hellhound is 585EUR, Red Devil is 600EUR. For around the same price I bought the Mech 2X OC model since PowerColor models were not around and I had some time off which I wanted to spend on gaming. Otherwise, I wouldn't have bought anything but prices here don't seem to be dropping any time soon.
 

Neatfeatguy

Posts: 1,024   +1,886
Nvidia CEO Jensen Huang last week confirmed that the company is now experiencing excess inventory and that the only solution was to drop prices "to give the channel an opportunity to correct."

Correct itself? If they didn't blow this whole thing out of proportion and cause this issue themselves, they wouldn't need to rely on the hopes that gamers will "correct" the issue.

My guess is you're going to have a good mix of people wanting to see what the 40xx series brings by going by what the 4090 is capable of and how well it moves based on a few things:
1) how it's priced
2) availability
3) how it performs in terms of electricity draw and performance wise

If these things are bad, folks may revert to flocking back towards Ampere and forcing prices up on cards that have reached their EOL for production.

If these things are good, folks will have to decide if it's worth the wait for the 4080/70/60 models in hopes they can get one without the fear of inventory issues (scalpers and/or miners) or if they want to get a sure thing and grab an Ampere.

Folks may be hesitant to try and sell off their old cards in hopes of getting a new gen card based on the last round of GPU issues. It could be an interesting time to see how things all pan out.
 

defaultluser

Posts: 510   +389
Just wait until Stake hits on the 20th - then last-minute miners will have nothing left to do with all these NVIDIA mining rigs they keep expanding.

when its been 18 months after you launched the 3060, and its still 20% over MSRP here in the us, you know someone else is still buying the "Miners special!"
 
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Puiu

Posts: 5,881   +4,891
TechSpot Elite
In the Balkan region, where I am from, the cheapest RTX 3070 is 740EUR and it's the MSI Ventus 2X one. If you want a better model, ASUS TUF let's say, it's 810EUR and up.

RX 6700 XT PowerColor Hellhound is 585EUR, Red Devil is 600EUR. For around the same price I bought the Mech 2X OC model since PowerColor models were not around and I had some time off which I wanted to spend on gaming. Otherwise, I wouldn't have bought anything but prices here don't seem to be dropping any time soon.
When comparing to the US MSRP don't forget to remove VAT.
 

neeyik

Posts: 2,269   +2,741
Staff member
Using PCpartpicker's price tracker shows that GPUs really have been dropping quite considerably - on average. There's still a wide disparity in prices, though:


Radeon RX 6700XT
2022.08.29.gpu.chipset.radeon-rx-6700-xt.0a8ac68c0092cc43448d7cce01aa868b.png


Note that the average (black line) is still above the MSRP of $479 but there are some prices below it. Naturally, the most popular cards (the budget and mid-range models) are still the most in demand and so should see the smallest price decreases.

2022.08.29.gpu.chipset.geforce-rtx-3060.b8f0d5fd6f52434ea52844b3d9089ae6.png


The RTX 3060 (seen above, MSRP $329) still has some way to go until the average price is on par with the MSRP.
 

Dr Roboto

Posts: 52   +119
IMO, they have lost track of how many actual gamers are out there for these cards compared to the massive amounts of cards that went to crypto miners over the last 2-3 years. I just think their estimates are massively skewed in terms of volume and price. That level of GPU purchasing and pricing will likely not come again or at least not until the next big thing in 5-10 years. With the crypto mining bubble finally popped, I think the GPU manufactures are in for a rude awaking in the coming years. Hopefully, prices will come back down to earth and gamers can buy a card again for a reasonable price.
 

emmzo

Posts: 766   +1,184
Clickbait! I`m sick and tired of how many times they "dropped" or are going to "drop" prices, meanwhile nothing`s changed or barely. 5-6%? Gtfo, Nvidia and AMD with your shitty two year old tech! You got used to sell overpriced and now you think people are just gonna swallow no matter what. Well, the time of reckoning is on! And don`t get your hopes up that the new gen is gonna crush it, either. Miners are dead. Most gamers upgraded already on ridiculous prices, so, they`re out. The few that remain are extra picky on overall very low demand. Good luck!
 

fluffydroid

Posts: 60   +57
Just wait until Stake hits on the 20th - then last-minute miners will have nothing left to do with all these NVIDIA mining rigs they keep expanding.

when its been 18 months after you launched the 3060, and its still 20% over MSRP here in the us, you know someone else is still buying the "Miners special!"
I have read proof of stake is coming 9/6. But regardless I think it is wise to wait until after that date to pickup a GPU. Prices should drop more after that date.
https://www.coindesk.com/tech/2022/08/24/ethereum-merge-has-an-official-kick-off-date/
 

takaozo

Posts: 423   +650
Could.......should......would
They ain't drop shlt and midrange will not see any drop soon.

Lol I forgot we have not got any entry cards since the 10 series.
 

pcnthuziast

Posts: 1,381   +1,172
If I could get a 3090 for under a grand, I'd pull the trigger. Rumors point to the 4070 being it's equal, but with less vram and will launch at a similar price only if we're lucky so imho it would be a sound purchase.
 

Avro Arrow

Posts: 3,096   +3,991
TechSpot Elite
Could.......should......would
They ain't drop shlt and midrange will not see any drop soon.

Lol I forgot we have not got any entry cards since the 10 series.
I'm pretty sure that the RX 5300 was an entry-level card with an MSRP of around $130USD and it came out after the 10 series.
 

passingposeidon

Posts: 25   +46
When comparing to the US MSRP don't forget to remove VAT.

The UK has its own MSRP which includes VAT already. For example £649 for the 3080 (US MSRP: $699). The cheapest 3080 I can find on Amazon is £699 so we are getting pretty close but nevertheless, it's not discounted ... it's still inflated above MSRP, for a card that came out 2 years ago.
 

Dr Roboto

Posts: 52   +119
Was curious, did some looking and you can find a few "good" deals manly on high end AMD cards. You can get a 6800XT from Newegg for $595 and its MSRP is $649 and has been averaging closer to $750.