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Nvidia cards discounts incoming

First: discounts! Nvidia CEO Jensen Huang confirmed what we’ve suspected for months: Nvidia actually built too many gaming GPUs and is now being forced to sell them for less money. “We found ourselves with excess inventory,” says Huang. “Our strategy is to sell-in well below the current sell-through levels in the marketplace to give the channel an opportunity to correct.”

https://www.theverge.com/2022/8/24/23320758/nvidia-gpu-supply-demand-inventory-q2-2022

 

[reksveks]

Honestly I am expecting some good black friday/cyber Monday sales from certain sectors and gpu's is one of those.

 

[Kataploom]

Looks like I'm gonna reconsider switch to consoles (no pun intended)

 

[RoadHazard]

I thought it's been pretty much impossible to find a 3080 (for example) for the last two years?

 

[Soodanim]

Will the price drop mean they sell for RRP?

 

[GHG]

I thought it's been pretty much impossible to find a 3080 (for example) for the last two years?

That's because all the crypto bros were buying them to mine. $15 billion's worth:

$15 billion spent on GPUs by crypto miners, not gamers, in 2021

Bloomberg reports that crypto miners spent $15 billion in GPUs in 2021 alone, gamers come in second place after crypto miners.

www.tweaktown.com

What's happened since then:

Supply dramatically increased while demand simultaneously fell off a cliff. Crypto bros dumped a ton of supply on the market the moment their mining businesses went bust due the crpto crash. They also happened to be the primary purchasers of GPU's over the last ~2-3 years.

MSRPs have remained the same but both Nvidia and AIB's have no choice given the amount of inventory that has been dumped on the market in such a short space of time.

You can't just look at the prices of GPU's and jump to assumptions, you need to look at the why. The cost of manufacturing has remained the same and there are still chip shortages (and manufacturing backlogs) in certain areas (for example automobile).

Worth listening to Nvidia's earnings call for a bit more insight:

Will the price drop mean they sell for RRP?

Below RRP for now but RRP's are not changing for now at least.

 

[Nitty_Grimes]

You reap what you sow I suppose.

 

[Hohenheim]

You can get a HP Omen 45l with a rtx 3090 and i9 12900k for 3000 euros now. Thats quite amazing, and should work fine until the rtx 5000 series comes along, at least if you're gonna play at 1440p the next couple of years.

 

[TheGecko]

Oh but I thought the prices rose and they couldn't make enough....

Fuck yourselves with a titan nvidia wankers.

 

[Bernd Lauert]

Gimme an RTX 3070 for €400 and I might build myself a gaming PC.

 

[DGrayson]

They will sell them at regular prices from a couple years ago and play it off as a "discount"

 

[tusharngf]

They deserve this. Miners are not their long term customers its the people who play games.

 

[clarky]

You can get a HP Omen 45l with a rtx 3090 and i9 12900k for 3000 euros now. Thats quite amazing, and should work fine until the rtx 5000 series comes along, at least if you're gonna play at 1440p the next couple of years.

Or you could bulid your own with a 3080 for half that, and your on about upgrading in what 24 months? The only thing amazing is the amount your pants are being pulled down.

 

[Hohenheim]

Or you could bulid your own with a 3080 for half that, and your on about upgrading in what 24 months? The only thing amazing that is the amount your pants are being pulled down.

Yeah, I just meant that you can get a very capable rig for a good price now and not having to think about upgrading to the 4000 series. But yeah, obviously you can get a 3080 rig for a lot less (which will also be very good)

 

[CuNi]

They didn't produce too many.
They sold to the wrong people.

By not caring who buys and being happy with miners buying in bulk they created this issue themselves, since after the crypto bubble burst, all their "good customers" instantly dumped all the hardware, crashing their market.
Had they prioritized selling to private persons instead, the situation would be a drastically different one.


Also, this points to me to a horrible next gen, as they will curb down production and reason that with "but we over supplied last gen!" and that will drive prices up once more as availability goes down.

I feel like the 5th or maybe even the 6th series will see actual balance between price and availability.

 

[skneogaf]

They're still making massive amounts of profit, it will affect the 4000 series sales as it may not be worth waiting unless the next generation are twice the performance for not much more money.

Time will tell.

 

[GymWolf]

The only way to tempt me is with a 3080ti under 400 euros.

 

[winjer]

Price and demand.
When demand was high, NVidia increased prices.
Now demand has crashed. Time to lower prices.

 

[b0uncyfr0]

Delete..

 

[Skifi28]

All those extra GPUs would have been quite handy a few months ago... Just saying.

 

[b0uncyfr0]

Gimme an RTX 3070 for €400 and I might build myself a gaming PC.

I wish. Newegg US has them for 500. Most EU amazon's show 650 - they are massively overpriced in the EU.

3080 for 450 - 3080Ti for 600. Im personally not interested otherwise.

In all honestly, if sources are true, were in for a massive drop (at least in the US). There are tons of 3xxx card siting in warehouses and miners are still trying to offload theirs.

We wont see sub 400 in the EU for a few good months. The Americans are in for a treat though, prices are plummeting fast

 

[TrueLegend]

They will sell them at regular prices from a couple years ago and play it off as a "discount"

Yes exactly, fuck these bitches. The GPUs are above MSRP still, 2 year later. Meanwhile AMD GPU prices are dropping. 3080 better drop to 500usd. This artificial price inflation of budget range like 3050 is an abhorrent practise. That shit better cost 150-70 usd in upcoming months.

 

[Hot5pur]

Was bound to happen with crypto faceplanting. The 3080 FE at bestbuy still sells out right away, so unclear how much they will drop prices, probably up to 10-15 percent.

If you're at 1080P get a 3060
1440 3070 or 3060ti
4k 3080 or higher (40-60fps)

2023 will be pretty telling for how demanding games will be. I suspect 3080 will have some life for 3-5 years, even at 4k.

 

[MacReady13]

I built a 980 with 4790k (or 4970k can't really remember) approx 7-8 years ago or so. Was pretty damn powerful for a 1080p gaming PC and cost me just over $2,000 aud and that included a keyboard, mouse and Windows 8! I was looking at building a 3070ti PC from the ground up. Not including Windows 10/11, a keyboard and mouse, I'm still looking at spending close to $3,900 aud! Until they drop the prices of GPU's (i realize its not only GPU prices that are stupidly priced) I'm struggling to justify spending such a large sun for not huge gains over my series x and PS5 on my 4K TV.

 

[Hendrick's]

Thank the crypto crash.

 

[Spyxos]

My friend still runs a rx570. He is priced out this gen.

 

[.Pennywise]

Fuck off nVidia, release the god damn 4xxx series already you greedy piece of shit

 

[rodrigolfp]

Burrow them along with the ET cartridges.

 

[Solrac]

 

[LordOfChaos]

Bullwhip effect, gets 'em every time

Semi's are cyclical. Look for some good valuations on semi stonks

 

[Pagusas]

Wonder if we'll see the 3090 drop below $900. Not sure you filthy plebs deserve to be in financial reach of such a card, but the fall of civilization had to happen at some point.

 

[Mithos]

Was bound to happen with crypto faceplanting. The 3080 FE at bestbuy still sells out right away, so unclear how much they will drop prices, probably up to 10-15 percent.

If you're at 1080P get a 3060
1440 3070 or 3060ti
4k 3080 or higher (40-60fps)

2023 will be pretty telling for how demanding games will be. I suspect 3080 will have some life for 3-5 years, even at 4k.

What if I want 1080p, 60fps, high/ultra + high/ultra RT, do I still only need a 3060?
What about 1080p, 120fps, high/ultra + high/ultra RT?
What about 144fps, 240fps?

 

[Larogue]

I hope AMD releases mid range RDNA 3 this year.

Otherwise NVIDIA will keep shoving their 2 years old, overpriced, power hungry RTX 3000 series down our throats till late 2023.

As apparently nothing is stopping them from doing so with no real competitors around.

 

[Codeblew]

It doesn't have anything to do with a crypto crash. Crypto crashes every few years, just like the stock market but at a larger scale.

This has to do with Ethereum moving to Proof of Stake(PoS) from Proof of Work(PoW) in a couple of weeks. PoS does not require graphics cards to secure the network.

 

[OmegaSupreme]

I'd buy a 3090 for 500.

 

[lukilladog]

They're still making massive amounts of profit...

Their operative revenue is borderline of breaking even, and with the shrinking margins, the value of the company has to shrink too. Jen Hsun had to admit that the company is not in good shape and wont be for a few months. They are sweating bullets.

 

[YukiOnna]

“We found ourselves with excess inventory,” says Huang.
Gee I wonder why you found yourself with that. Maybe you should have stuck to your customer base.

 

[LQX]

This is what they get for putting miners before retail consumers.

 

[carsar]

"AnandTech report that they're dropping the price of the GTX 780 by $150 to $500, and the price of the 770 by $70 to $330."
"The GeForce GTX 970 has also received a price cut of $25 US. The card was already selling close to $299 US and would now be available with a starting price of $279.99 US. Newegg has listed down EVGA and MSI GTX 970 for $279 US"

 

[Sybrix]

As suspected, RTX 4000 cards wont see the light of day in 2022... thank god.

A 50% discount on current prices is what we need.

Glad i waited to get my 3080, i can wait till the end of the year.

 

[Reallink]

This statement seems wildly at odds with market realities on the ground. AIB cards are by in large still listed and selling for $50-100+ premiums over their "launch" MSRPs. Now 2 years old and effectively discontinued, they should logically be selling at $100+ discounts under normal circumstances, nevermind a threat of mass miner liquidations, or alleged mountains of unsold cards rotting in warehouses. If AIBs were really sitting on alarming amounts of surplus, there's no way one of them wouldn't have long since cut their whole lineup down to at least FE pricing to firesell it off and leave everyone else holding the bag. Would present quite the opportunity for that company to buy up the lions share of 4XXX inventory and make bank.

As suspected, RTX 4000 cards wont see the light of day in 2022... thank god.

A 50% discount on current prices is what we need.

Glad i waited to get my 3080, i can wait till the end of the year.

Would be a pretty stupid thing to do after waiting this long, even at less than half price (which is realistically never gonna happen). The "$399" 4060 will almost definitely outperform 3080 longterm, and the "$499" 4070 definitely will by a wide margin. So unless you're anticipating like $299 3080s, that doesn't seem the wisest move.

 

[MikeM]

Maybe a 3080 build will occur for a reasonable price.

 

[poppabk]

 

[KungFucius]

They're still making massive amounts of profit, it will affect the 4000 series sales as it may not be worth waiting unless the next generation are twice the performance for not much more money.

Time will tell.

This also impacts those who typically fund upgrades by selling their old GPUs. The price got for selling used 3080s when the 4080 launches will be lower percentage wise than the price recouped for the XX80s in the past.

 

[RoboFu]

Now I want to see radeon 7000 series come out at the end of this year and be a Ryzen level update.

 

[Filben]

Gimme an RTX 3070 for €400 and I might build myself a gaming PC.

Nah, not paying 400 for an 8GB card. 3080 for 400 would be a great deal, though

 

[lukilladog]

“We found ourselves with excess inventory,” says Huang.
Gee I wonder why you found yourself with that. Maybe you should have stuck to your customer base.

I called it here some time ago, they were hoarding chips in order to drive prices up. Glad to see the thing blowing up.

 

[YukiOnna]

I called it here some time ago, they were hoarding chips in order to drive prices up. Glad to see the thing blowing up.

Legit. Honestly glad I held on and didn't give in to buy one, time to get the better deal out of it.

 

[poppabk]

I called it here some time ago, they were hoarding chips in order to drive prices up. Glad to see the thing blowing up.

I don't think they were hoarding chips, just that a huge market segment that would buy as much as they could put out just evaporated over night leaving them with excess manufacturing capacity.

 

[adamosmaki]

Nvidia can F***k off . Trying to sell us RTX 3060s for 400euros. Even at MSRP of 330 is overpriced considering is barely any faster than the card it replaces that came out 3 years ago
Only way i will be convinced to replace my rx 5600xt is if they sell me an rtx 3070 or a rx 6800 for 400 euros