I simply purchased a Nvidia RTX 3070 for MSRP as a result of the GPU scarcity is over


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For practically two years, you’ve needed to be extremely fortunate, expert, or affected person to get an Nvidia or AMD graphics card at MSRP. We’ve liveblogged and livetweeted that hell of attempting to purchase a GPU on-line, preventing towards a military of bots to navigate the buggy web sites of outlets who didn’t have sufficient motive to care.

However, yesterday, I did the unthinkable. I saddled as much as Greatest Purchase’s web site eight hours after the retailer’s weekly drop and purchased an RTX 3070 Ti Founders Version for its $599 MSRP.

I had a $499 RTX 3070 Founders Version in my cart, too. And people finds weren’t a fluke: each of these GPUs have been nonetheless obtainable after we checked again this morning. The 3070 FE remains to be there as I sort these phrases. So is the 3070 Ti. AMD.com presently has the Radeon RX 6750 XT, 6900 XT, and 6950 XT in inventory for MSRP, too.

Nvidia RTX 3080 common eBay gross sales value, June 2021 to June 2022.
Picture: eBay

I dashed over to eBay to run the numbers — the identical ones I’ve been compiling since December 2020 to indicate you the true road value of a GPU. Certain sufficient, this week is the week the most well-liked graphics playing cards lastly hit MSRP on the secondhand market as nicely. The RTX 3080 is hovering round $700, the precise value Nvidia initially stated it might value.

Over the previous six months, the road value of a contemporary GPU has been chopped in half. Nearly each graphics card we monitor fell by greater than 50 % on eBay since January — 30 % of that since April alone.

It was additionally Nvidia’s hottest and greatest bang to your buck playing cards — the RTX 3060 Ti, RTX 3070, and RTX 3080 — that noticed the most important dips. Of these playing cards, the 3060 Ti is the one used GPU that can’t be had at or beneath MSRP on common. In the meantime, a median AMD card will value you $100 lower than MSRP.

The secondhand market even appears to be normalizing costs of Nvidia and AMD’s extra overpriced GPUs. You should purchase a used 6900 XT for $300 off its $999 MSRP, and I noticed eBay patrons get a median of $318, $466, and $540 off Nvidia’s 3080 Ti, 3090, and 3090 Ti, respectively.

GPU road costs, June 2022

MerchandiseChecklist valueJune 2022April 2022Jan. 2022
MerchandiseChecklist valueJune 2022April 2022Jan. 2022
Nvidia RTX 3090 Ti$1,999$1,459$2,398N/A
Nvidia RTX 3090$1,499$1,033$1,837$2,609
Nvidia RTX 3080 Ti$1,199$881$1,168$1,874
Nvidia RTX 3080$699$701$1,129$1,613
Nvidia RTX 3070 Ti$599$585$772$1,179
Nvidia RTX 3070$499$498$773$1,086
Nvidia RTX 3060 Ti$399$434$658$923
Nvidia RTX 3060$329$362$485$711
Nvidia RTX 3050$249$294$363$539
AMD RX 6900 XT$999$683$961$1,528
AMD RX 6800 XT$649$630$869$1,269
AMD RX 6800$579$518$796$1,150
AMD RX 6700 XT$479$387$555$847
AMD RX 6600 XT$379$293$421$610
AMD RX 6600$329$247$380$516
AMD RX 6500 XT$199$179$209$365

Lastly, MSRP.

January 2022 GPU numbers: Tom’s {Hardware}

I feel it’s protected to say: the good GPU scarcity is over.

However do you have to really purchase one? That’s a means harder query — as a result of the forces which can be lastly driving provide and demand to satisfy should not all in your favor.

Why you may or won’t purchase a GPU proper now

First, let’s state the apparent: the chips that energy these GPUs are actually two years previous. In October 2020, $500 might need been an incredible value for an RTX 3070, however is it nonetheless an incredible value in July 2022 now that new ones are on the best way? The RTX 40 collection and AMD’s RDNA 3 are each anticipated this fall and might provide vital efficiency jumps.

That goes double when you’re taking a look at one of many playing cards that Nvidia and AMD launched later within the GPU scarcity at a better MSRP than their efficiency would counsel. I like to recommend having a look at this useful 3DCenter / VideoCardz chart of how a lot GPUs ought to value, normalized towards an RTX 3070.

The age of those GPUs may matter much more when you’re contemplating a used GPU because it might need already been labored for these two years and might need even hung out doing onerous labor in a cryptocurrency mining rig.

Reportedly, one huge motive used GPU costs are tanking is as a result of crypto miners are flooding the market with playing cards which can be not worthwhile resulting from the continuing crypto crash, the place the overall market cap of all crypto belongings has fallen by two-thirds since its peak of $3 trillion final November. (Miners have been switching away from GPUs for a while, although.)

Whether or not it was used for gaming or mining, possibly purchase regionally or from a web site with good purchaser safety — there have been experiences of broken GPUs among the many flood. If you happen to do get the possibility to check, right here’s a Avid gamers Nexus video that may stroll you thru potential purple flags.

Choose new as an alternative of used? Outdoors of my Greatest Purchase Founders Version finds, issues aren’t fairly as rosy — since you’re going to must take care of the need of Nvidia and AMD board companions and retailers to make as a lot cash as doable now that they’ve stock to clear.

In its final earnings name, Nvidia CFO Colette Kress recommended that provide had nearly caught as much as demand. “Channel stock has practically normalized, and we anticipate it to stay round these ranges in Q2,” Kress stated. However provide chain sources inform Digitimes (through VideoCardz) that Nvidia and AMD might now even have too many playing cards and try to order fewer new ones from TSMC as a result of they allegedly overestimated demand.

How a lot much less (or extra) eBay GPUs value proper now

MerchandiseJune 2022 versus MSRP% change (Jan–Jun)
MerchandiseJune 2022 versus MSRP% change (Jan–Jun)
Nvidia RTX 3090 Ti-$540N/A
Nvidia RTX 3090-$466-60.41%
Nvidia RTX 3080 Ti-$318-52.99%
Nvidia RTX 3080$2-56.54%
Nvidia RTX 3070 Ti-$14-50.38%
Nvidia RTX 3070-$1-54.14%
Nvidia RTX 3060 Ti$35-52.98%
Nvidia RTX 3060$33-49.09%
Nvidia RTX 3050$45-45.45%
AMD RX 6900 XT-$316-55.30%
AMD RX 6800 XT-$19-50.35%
AMD RX 6800-$61-54.96%
AMD RX 6700 XT-$92-54.31%
AMD RX 6600 XT-$86-51.97%
AMD RX 6600-$82-52.13%
AMD RX 6500 XT-$20-50.96%

Primarily based on one week, June twenty third to June thirtieth.

Nvidia has reportedly pushed again its launches of the RTX 4090, 4080, and 4070 to as late as October, November, and December, respectively, in accordance with Wccftech and VideoCardz, which could imply at present’s GPUs received’t be yesterday’s information for a bit longer. However, meaning it may additionally be longer earlier than current-gen RDNA 2 or RTX 30 collection GPUs see a value reduce.

(Nvidia declined to touch upon whether or not the GPU scarcity is over; I’m ready for remark from AMD.)

Falcodrin, the GPU hunter I profiled final December, tells me that new GPU costs have been in all places, and it’s not onerous to search out proof of that: Greatest Purchase is stocking third-party RTX 3060 Ti playing cards that value considerably greater than the extra highly effective RTX 3070 I had in my cart. If you wish to purchase a card with a elaborate cooler for twice MSRP, you’ve nonetheless bought loads of choices as a result of an throughout the board value drop hasn’t but arrived.

As a substitute of drops, they’re nonetheless attempting to draw clients with gross sales, like EVGA’s anniversary sale at present, the place an RTX 3080 may be had for under $80 over MSRP and each the 3080 Ti and 3090 Ti are beneath MSRP.

Sure, I really purchased it. My good friend’s been searching for some time.
Picture: Sean Hollister / The Verge

However, when you’re the type of one who might be happy with a current-gen GPU as an alternative of ready for subsequent gen, it feels like these value cuts may be coming. Seeing how some first-party GPUs may be had at MSRP, EVGA’s gross sales, and that 3DCenter value index, it’s not onerous to see room for the remainder of the costs to sink.

That stated, it is dependent upon whether or not players discover that the costs they have been ready for have lastly returned. Moor Insights & Technique analyst Anshel Sag thinks they are going to. “GPUs will seemingly return to regular ranges as individuals who held off on constructing PCs or shopping for GPUs really begin to construct them, now that costs have come again right down to actuality,” he tells me, including that “There’s quite a lot of pent up demand from precise players and customers which have been holding off for the final two years as a result of chip scarcity, provide chain disruptions and crypto bubble.”

And whereas some persons are tightening belts resulting from inflation or will look forward to next-gen GPU launches this fall, he doesn’t suppose they’ll hold players away. “It’s a must to do not forget that for lots of those customers, that is their major supply of leisure and socialization,” he says, including that many who’d look forward to an RTX 40 or RDNA 3 card “perceive that the most recent and best may also be loads tougher to get their fingers on than what’s already obtainable now.”

However he agrees that the GPU scarcity is now over. The costs converse for themselves.


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