The past few months have seen a downward trend in the prices of NVIDIA’s GPUs. This trend can be attributed to multiple reasons but the most predominant one seems to be the fact that the interest in crypto mining has gone crashing down which means that miners are not buying as many GPUs as they used to.
As the demand has significantly gone down, NVIDIA appears to be in a bit of a pickle after it has ordered a huge quantity of chips and are now left with very few customers who would buy them.
NVIDIA is currently working with its board partners to cut the price of their cards. The most massive price cuts will be seen in the high-end RTX 3090 series as it is soon to be replaced with the succeeding RTX 40/Ada series. With this in line, we should be geared up for promotions coming up such as the EVGA 3090 Ti being for $ 1150. However, it is pertinent to note that promotions such as these don’t tend to last longer and are generally more localized.
According to ZOL, NVIDIA is planning to take a more aggressive approach and will reduce its GPU pricing even more than AMD, which is also planning to cut prices and offer discounts.
So far, we have been provided with no details regarding which cards will see price cuts and when exactly. NVIDIA doesn’t seem to have enough time though since needs to speed up more than AMD as the Radeon RX 7000 series is all set to launch in November.