Nvidia may be preparing to apply yet another price drop for its RTX 30-series GPUs, according to reports emerging from China.

As reported by VideoCardz, Chinese website ZOL is reporting that Team Green could reduce the cost of its graphics cards by the end of August — a course of action that would undoubtedly be a response to the current state of the market.

GPU prices may be about to crash to incredible new lows

Jacob Roach / Digital Trends

The outlet is hearing that AMD will also join its rival in cutting the manufacturer’s suggested retail price (MSRP) for its own cards, the Radeon 7000-series.

MyDrivers, meanwhile, states that the price reduction Nvidia will be applying will be “larger than that of AMD.”

The real question is how large these price drops will actually be. After all, in recent months, we’ve already seen retail prices fall to the point where many video cards can now be purchased below their MSRPs.

Case in point: One of Nvidia’s board partners, EVGA, has cut the price for some of its RTX 3090 Ti models by an enormous $1,000. Not so long ago, cards were being sold for inflated price points far exceeding $1,000. For example, the RTX 3080 GPU can be found on eBay for lower than $650 — a far cry from its average selling price of $1,000 before the market stabilized.

This state of affairs is unprecedented, to say the least, but there are a few reasons to explain the GPU market normalizing. One of the contributing factors behind prices nosediving is the cryptocurrency industry crashing across the board – both Bitcoin and Ethereum values in particular have decreased in speculator fashion.

GPU prices may be about to crash to incredible new lows

And with shortage issues no longer affecting current-gen graphics cards, there’s been a huge buildup of stock, driving prices down even further.

Furthermore, next-gen RTX 40 and Radeon 7000 cards are only a few months away, which will obviously have a noticeable impact on the demand for boards.

Nvidia was previously reported to have slashed the MSRP for some of its flagship GPUs by as much as $500 last month. With that in mind, alongside the aforementioned supply chain reports, we could realistically see sub-$1,000 prices for some of the most powerful graphics cards become the new norm.

Lending credence to that scenario is the fact that Nvidia and AMD won’t want to possess an abundance of current-gen stock by the time their successors arrive.

Elsewhere, in Germany and Austria, the GeForce RTX 30-series is now available for 9% below MSRPs, while AMD’s Radeon RX 6000 lineup can be picked up for 14% below MSRPs.

NEWS RELATED

Google's Mysterious Pixel Tablet Makes Another Cameo

The Pixel Tablet made an appearance at Google's event today with a new charging dock.

View more: Google's Mysterious Pixel Tablet Makes Another Cameo

Google Chrome tops this list of most vulnerable browsers

According to a recent report, Google Chrome is the most vulnerability-ridden browser of all the major players. Chrome also happens to be the most popular browser in the world, accounting for over 60% of usage according to most sources, which means that a larger number of people are at risk ...

View more: Google Chrome tops this list of most vulnerable browsers

Grab Some Extra Storage For Less With $50 Off This SanDisk 2TB Portable SSD

Today only at Best Buy, you can grab the external SanDisk SSD for just $180.

View more: Grab Some Extra Storage For Less With $50 Off This SanDisk 2TB Portable SSD

Grab the Ultra-Rugged GoPro Hero 11 Black for $50 Off

This is the latest and most advanced GoPro, and right now you can pick it up for $450.

View more: Grab the Ultra-Rugged GoPro Hero 11 Black for $50 Off

Hackers have found a way to hack you that you’d never expect

A security flaw has allowed a ransomware gang to effectively prevent antivirus programs from running properly on a system. As reported by Bleeping Computer, the BlackByte ransomware group is utilizing a newly discovered method related to the RTCore64.sys driver to circumvent more than 1,000 legitimate drivers. Getty Images Security programs ...

View more: Hackers have found a way to hack you that you’d never expect

Dell XPS 13 (2022) review

The Dell XPS 13 (2022) remains the best Ultrabook for most people – except for those who hate it

View more: Dell XPS 13 (2022) review

In pictures: The NVIDIA GeForce RTX 4090 Founders Edition is a glorious-looking card

1 / 13 The NVIDIA GeForce RTX 4090 graphics card has landed in our lab and although we can't share our benchmarks and impressions yet (these will have to wait till next week), we can show you how the card looks like. 2 / 13 The new RTX 4090 ...

View more: In pictures: The NVIDIA GeForce RTX 4090 Founders Edition is a glorious-looking card

First gaming benchmarks leaked for NVIDIA GeForce RTX 4080 16GB

It appears that the first gaming benchmarks for the NVIDIA GeForce RTX 4080 16GB have been leaked online. Chiphell’s member ‘panzerlied’ has shared the following benchmarks which give us an idea of how this upcoming GPU performs. Going into more details, panzerlied shared benchmarks for 3DMark, Shadow of the ...

View more: First gaming benchmarks leaked for NVIDIA GeForce RTX 4080 16GB

Asus ZenWiFi Pro XT12 review

HP Spectre x360 (2022) review

The Meta Quest 3 may be twice as powerful as Quest 2

A new phishing scam pretends to be your boss sending you an email

Windows 11 adoption among PC gamers almost hits 25%

Facebook’s new controls offer more customization of your Feed

Leaked benchmarks show the real performance of the Nvidia RTX 4090

GIGABYTE Details GeForce RTX 4090 Models

Arc GPU drivers are getting better, but Intel says it’s challenging

Can I use an Intel Arc GPU with AMD Ryzen?

Intel Arc A770 16GB vs. A770 8GB vs. Nvidia RTX 3060

Intel Arc A770 and A750 review: The right GPU at the right time

OTHER NEWS

Breaking thailand news, thai news, thailand news Verified News Story Network