Nvidia’s graphics cards have dropped in price in the last week, and so have AMD’s GPUs (in many cases, at least).
Yes, the massive graphics card price reduction continues for the RTX 3000 and RX 6000 products, and it’s not surprising that Nvidia’s GPUs in particular are dropping as the RTX 4000 lineup was revealed earlier this week. Also, the Ethereum merger happened recently, decreasing the demand for graphics cards on the crypto front to boot.
As Tom’s Hardware (opens in new tab), our sister site that regularly tracks GPU prices, reports, major drops for Nvidia’s current-gen GPUs were witnessed with the RTX 3090 and – drumbeat – the RTX 3060 Ti, both down 11% at US retailers. Remember, that’s only in a week, so it’s a pretty strong drop in that short amount of time.
The RTX 3070 also dropped a substantial 7% and the RTX 3050 8%, with most other Nvidia graphics cards seeing decent drops of 2% to 3%. There were a few models for which the price did not change, namely the RTX 3090 Ti, RTX 3080 Ti and RTX 3060.
As we mentioned at the beginning, there has also been considerable downward movement for AMD GPUs. This includes big drops for the RX 6700 and 6700 XT, which are down around 15%, and the price of the RX 6750 XT has been reduced by 11% compared to a week ago.
However, there were exceptions with AMD graphics cards, at the top and bottom, with the flagship RX 6950 XT increasing in price by 4%, and the RX 6500 XT up 5%, with the RX 6400 up by a substantial 9%.
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This is great news overall, with an average price drop across all current-gen GPUs of 3.5%. What’s also very welcome are the downgrades on more affordable Nvidia graphics cards, which have stubbornly resisted price drops so far, like the RTX 3060 Ti and RTX 3050, both of which are down around 10%.
What’s weird is that some of AMD’s budget offerings have gone up, and there’s really no explanation for why that comes to mind. The flagship RX 6950 XT rising in price can be explained – it just went off sale, as Tom’s Hardware notes.
As for the RTX 3090 Ti, which hasn’t gone up but hasn’t gone down either, its price remains the same probably due to the fact that this flagship GPU has already dropped a lot in recent times. And the RTX 3060 staying at the same price point is probably a reflection of how popular this graphics card is now, as one of the more affordable models. But really, with the RTX 3060 Ti not costing much more, you’d be better off spending the extra cash to get that added performance, something we made clear in our 3060 Ti review.
Or you could look to an AMD RX 6600 as an alternative, which is an excellent value proposition right now, as Tom points out, if you’re willing to consider Team Red. Or indeed, you can just wait – as prices could drop even further. With these reductions happening over the course of a week, it’s likely to be prudent to see what another week or two brings.
That said, Nvidia’s entry-level Lovelace cards will only start with the RTX 4090 and a couple of RTX 4080 variants, so there won’t be an RTX 4070 or 4060 for quite some time yet – not until early 2023, probably. You may remember Team Green saying that it will be using a layered strategy of high-end and current GPUs that will be sold together in the near future, and therefore movement on the mid-range and lower-end RTX graphics cards may be more limited after these Initial major drops after Lovelace’s announcement. Still, waiting and seeing won’t hurt as we can’t see things going up in front of the Nvidia GPU.