Graphics Card Prices are Finally Coming Down – IGN
PC builders, rejoice: After years of a shortage causing painfully high costs, graphics cards are finally returning to slightly more affordable prices.
According to a report by Digital Trends, the prices of both AMD and Nvidia graphics cards are on their way down. Newer cards are becoming notably cheaper, with Nvidia’s RTX 3090 Ti now at 16% under MSRP and AMD’s RX 6950 XT at 4% below MSRP.
Nvidia’s lower-end graphics cards, however, are still suffering from inflation, with cards like the RTX 3060 and RTX 3060 Ti sitting at above 10% of their MSRPs.
While some graphics cards are still dealing with the impact of the shortage, these new prices are still a notable improvement — around a year ago, Nvidia’s graphics cards, which were in high demand for cryptocurrency miners, reached around 300% of their original MSRP, while AMD cards peaked at above 200%.
As Digital Trends pointed out, new price improvements are likely due to the current cryptocurrency crash as well as supply chain improvements, making graphic cards more readily available and less desirable for crypto farmers.
In February, Biden signed an executive order pledging to review the supply chain issues causing shortages. Previously, Intel’s CEO announced that the ongoing chip shortage might lead into 2023, though with the new improvements in GPU pricing, it looks like that might not be the case for much longer.
Amelia Zollner is a freelance writer at IGN. Find them on Twitter: @ameliazollner.