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Nvidia and AMD GPUs are returning to shelves and prices are finally falling

Nvidia and AMD GPUs are returning to shelves and prices are finally falling

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Street prices have fallen 30 percent since January alone

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The cards in this photo are now worth $1,569 — down from $2,570 last March.
The cards in this photo are now worth $1,569 — down from $2,570 last March.
Photo by Sean Hollister / The Verge

For nearly two years, netting a PS5, Xbox Series X, or AMD Radeon and Nvidia RTX graphics cards without paying a fortune has been a matter of luck (or a lot of skill). At its peak, scalpers were successfully charging double or even triple MSRP for a modern GPU. But it’s looking like the great GPU shortage is nearly over.

In January, sites including Tom’s Hardware reported that prices were finally beginning to drop, and drop they did; they’ve now dropped an average of 30 percent in the three months since. On eBay, the most popular graphics cards are only commanding a street price of $200–$300 over MSRP. And while that might still seem like a lot, some have fallen further: used Nvidia RTX 3080 Ti or AMD RX 6900 XT are currently fetching less than their original asking price, a sure sign that sanity is returning to the marketplace.

GPU, PS5, Xbox street prices: April 2022

ItemList priceApril 2022Jan. 2022Nov. 2021Mar. 2021Dec. 2020
PS5 (disc)$499$703$700$870$833$1,024
PS5 (digital)$399$659$680$806$754$990
Xbox Series X$499$547$691$856$805$835
Xbox Series S$299$249$259$346$432$471
Nvidia RTX 3090 Ti$1,999$2,398N/AN/AN/AN/A
Nvidia RTX 3090$1,499$1,837$2,609$2,947$2,985$2,076
Nvidia RTX 3080 Ti$1,199$1,168$1,874$1,941N/AN/A
Nvidia RTX 3080$699$1,129$1,613$1,773$2,160$1,227
Nvidia RTX 3070 Ti$599$772$1,179$1,208N/AN/A
Nvidia RTX 3070$499$773$1,086$1,210$1,239$819
Nvidia RTX 3060 Ti$399$658$923$979$1,226$675
Nvidia RTX 3060$329$485$711$749$828N/A
Nvida RTX 3050$249$363$539N/AN/AN/A
AMD RX 6900 XT$999$961$1,528$1,577$1,841Did not check
AMD RX 6800 XT$649$869$1,269$1,341$1,555$1,232
AMD RX 6800$579$796$1,150$1,395$1,331$841
AMD RX 6700 XT$479$555$847$955$1,169N/A
AMD RX 6600 XT$379$421$610$683N/AN/A
AMD RX 6600$329$380$516$592N/AN/A
AMD RX 6500 XT$199$209$365N/AN/AN/A

GPU prices have dipped significantly since January, let alone last March.

Just as importantly, some graphics cards are actually staying in stock at retailers when their prices are too high — again, something that sounds perfectly normal but that we haven’t seen in a while. For many months, boutiques like my local retailer Central Computers could only afford to sell you a GPU as part of a big PC bundle, but now it’s making every card available on its own. GameStop is selling a Radeon RX 6600 for just $10 over MSRP, and it hasn’t yet sold out. Newegg has also continually been offering an RTX 3080 Ti for just $10 over MSRP (after rebate, too) — even if $1,200 still seems high for that card’s level of performance.

Asus has an RTX 3070 Ti for just $100 over MSRP.
Asus has an RTX 3070 Ti for just $100 over MSRP.

If you’re willing to pay a markup, there are plenty more: a quick scan shows me the price floor of an Nvidia RTX 3060 Ti has fallen to around $580, 3070 Ti to $700, and 3080 to around $1,000 at retail, with some retailers boasting an “instant savings” or “instant rebate” rather than lowering their prices across the board. Some, like Asus, say they’re passing along savings to customers now that a Trump-era tariff on GPUs has expired. In Germany, retail prices have dipped to just between 12 and 19 percent over MSRP, according to 3DCenter, which has been tracking those prices longer than anyone.

“At this point you can have a card from any tier for prices people would have jumped for three months ago,” says Falcodrin, the full-time GPU hunter I interviewed last December. And Falcodrin is pretty sure the prices will continue to fall — because even as supply begins to catch up, demand has fallen off.

“Everyone is unwilling to pay now. Part of that is probably just they got their card, part of that’s probably tax season, and part of it is that US consumer sentiment is as low as it’s been since 2008,” Falcodrin tells The Verge, admitting that his own business has been rough as cryptocurrency miners close up shop and inflation continues to soar.

EVGA’s “instant rebate” brings the RTX 3080 12GB down to $1,000, but that’s just the going rate now.
EVGA’s “instant rebate” brings the RTX 3080 12GB down to $1,000, but that’s just the going rate now.

So, if Nvidia and AMD’s partners want to sell their stock of GPUs, they may soon be competing with one another to lower prices once more.

With many prices still $200 over MSRP, we’re not out of the woods yet, but nobody’s selling GPUs or consoles for double or triple what they’re worth anymore. On eBay, only two graphics cards — the RTX 3070 and 3060 Ti — are selling for more than 1.5 times their MSRP on average. Another encouraging sign is that the number of GPUs changing hands in a week has dropped by over half since March, suggesting they’re much less attractive to scalpers.

How many changed hands in a week? April 2022

ItemApril 2022Mar 2021Dec 2020
PS5 (disc)7591,8983,651
PS5 (digital)2024221,633
Xbox Series X1805181,518
Xbox Series S61199960
Nvidia RTX 3090 Ti23N/AN/A
Nvidia RTX 3090192428372
Nvidia RTX 3080 Ti126465N/A
Nvidia RTX 3080209556384
Nvidia RTX 3070 Ti345341N/A
Nvidia RTX 3070234673505
Nvidia RTX 3060 Ti275750141
Nvidia RTX 3060206639782
Nvidia RTX 305030N/AN/A
AMD RX 6900 XT2563106
AMD RX 6800 XT4091107
AMD RX 6800282883
AMD RX 6700 XT8216598
AMD RX 6600 XT47204N/A
AMD RX 660099112N/A
AMD RX 6500 XT14N/AN/A
Total consoles1,2023,0377,762
Total GPUs1,9754,5152,578

I generally filtered out bundles, lots, rigs, and items listed as broken, for parts, as-is, etc.

One thing that might surprise you is that Sony’s PlayStation 5 is still holding its value on eBay, fetching an average of $703 for the disc drive model, roughly the same as we saw in January and still 1.4 times its MSRP. That, even though the street price of Microsoft’s Xbox Series X fell 20 percent during the same period to $547 (just $48 over MSRP). The Xbox Series S, meanwhile, is no longer a scalping target at all since it’s been readily available for months at its $299 sticker price. Good!

At the rate prices and volumes are falling, eBay may not be a valuable price checking tool for long — and that’s exactly the way we want it because that’ll mean that sanity has returned.

Then again, there’s a decent chance Nvidia and AMD announce new higher-priced cards before that happens, like the rumored RTX 4080 and RTX 4090, and there’ll always be something else to scalp. The Steam Deck is currently fetching an average of over $1,000 on eBay in case you’re wondering. Fun!

Today’s Storystream

Feed refreshed Sep 24 Striking out

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External Link
Emma RothSep 24
California Governor Gavin Newsom vetoes the state’s “BitLicense” law.

The bill, called the Digital Financial Assets Law, would establish a regulatory framework for companies that transact with cryptocurrency in the state, similar to New York’s BitLicense system. In a statement, Newsom says it’s “premature to lock a licensing structure” and that implementing such a program is a “costly undertaking:”

A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm.


A
Youtube
Andrew WebsterSep 24
Look at this Thing.

At its Tudum event today, Netflix showed off a new clip from the Tim Burton series Wednesday, which focused on a very important character: the sentient hand known as Thing. The full series starts streaming on November 23rd.


A
The Verge
Andrew WebsterSep 24
Get ready for some Netflix news.

At 1PM ET today Netflix is streaming its second annual Tudum event, where you can expect to hear news about and see trailers from its biggest franchises, including The Witcher and Bridgerton. I’ll be covering the event live alongside my colleague Charles Pulliam-Moore, and you can also watch along at the link below. There will be lots of expected names during the stream, but I have my fingers crossed for a new season of Hemlock Grove.


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Andrew WebsterSep 24
Looking for something to do this weekend?

Why not hang out on the couch playing video games and watching TV. It’s a good time for it, with intriguing recent releases like Return to Monkey Island, Session: Skate Sim, and the Star Wars spinoff Andor. Or you could check out some of the new anime on Netflix, including Thermae Romae Novae (pictured below), which is my personal favorite time-traveling story about bathing.


A screenshot from the Netflix anime Thermae Romae Novae.
Thermae Romae Novae.
Image: Netflix
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Twitter
Jay PetersSep 23
Twitch’s creators SVP is leaving the company.

Constance Knight, Twitch’s senior vice president of global creators, is leaving for a new opportunity, according to Bloomberg’s Cecilia D’Anastasio. Knight shared her departure with staff on the same day Twitch announced impending cuts to how much its biggest streamers will earn from subscriptions.


T
Twitter
Tom WarrenSep 23
Has the Windows 11 2022 Update made your gaming PC stutter?

Nvidia GPU owners have been complaining of stuttering and poor frame rates with the latest Windows 11 update, but thankfully there’s a fix. Nvidia has identified an issue with its GeForce Experience overlay and the Windows 11 2022 Update (22H2). A fix is available in beta from Nvidia’s website.


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External Link
If you’re using crash detection on the iPhone 14, invest in a really good phone mount.

Motorcycle owner Douglas Sonders has a cautionary tale in Jalopnik today about the iPhone 14’s new crash detection feature. He was riding his LiveWire One motorcycle down the West Side Highway at about 60 mph when he hit a bump, causing his iPhone 14 Pro Max to fly off its handlebar mount. Soon after, his girlfriend and parents received text messages that he had been in a horrible accident, causing several hours of panic. The phone even called the police, all because it fell off the handlebars. All thanks to crash detection.

Riding a motorcycle is very dangerous, and the last thing anyone needs is to think their loved one was in a horrible crash when they weren’t. This is obviously an edge case, but it makes me wonder what other sort of false positives we see as more phones adopt this technology.


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External Link
Ford is running out of its own Blue Oval badges.

Running out of semiconductors is one thing, but running out of your own iconic nameplates is just downright brutal. The Wall Street Journal reports badge and nameplate shortages are impacting the automaker's popular F-series pickup lineup, delaying deliveries and causing general chaos.

Some executives are even proposing a 3D printing workaround, but they didn’t feel like the substitutes would clear the bar. All in all, it's been a dreadful summer of supply chain setbacks for Ford, leading the company to reorganize its org chart to bring some sort of relief.