I just bought a Nvidia RTX 3070 for MSRP because the GPU shortage is over


For almost 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, combating 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 out there once we checked again this morning. The 3070 FE continues 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.

ebay terapeak gpus june 30 2022

Nvidia RTX 3080 common eBay gross sales worth, 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 worth 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 effectively. The RTX 3080 is hovering round $700, the precise worth Nvidia initially stated it will price.

Over the previous six months, the road worth 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 on your buck playing cards — the RTX 3060 Ti, RTX 3070, and RTX 3080 — that noticed the largest dips. Of these playing cards, the 3060 Ti is the one used GPU that can’t be had at or underneath MSRP on common. In the meantime, a median AMD card will price 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

Merchandise Record worth June 2022 April 2022 Jan. 2022
Merchandise Record worth June 2022 April 2022 Jan. 2022
Nvidia RTX 3090 Ti $1,999 $1,459 $2,398 N/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 believe it’s protected to say: the good GPU scarcity is over.

However do you have to really purchase one? That’s a method 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 plain: the chips that energy these GPUs at the moment are two years outdated. In October 2020, $500 may need been an excellent worth for an RTX 3070, however is it nonetheless an excellent worth in July 2022 now that new ones are on the way in which? The RTX 40 collection and AMD’s RDNA 3 are each anticipated this fall and will provide important efficiency jumps.

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

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

Reportedly, one massive 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 because of the ongoing crypto crash, the place the whole market cap of all crypto property 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, perhaps purchase regionally or from a website with good purchaser safety — there have been reviews of broken GPUs among the many flood. In the event you do get the possibility to check, right here’s a Players Nexus video that may stroll you thru potential pink flags.

Favor new as a substitute of used? Exterior of my Greatest Purchase Founders Version finds, issues aren’t fairly as rosy — since you’re going to must cope with the will 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 instructed that offer had nearly caught as much as demand. “Channel stock has almost normalized, and we count on it to stay round these ranges in Q2,” Kress stated. However provide chain sources inform Digitimes (by way of 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 price proper now

Merchandise June 2022 versus MSRP % change (Jan–Jun)
Merchandise June 2022 versus MSRP % change (Jan–Jun)
Nvidia RTX 3090 Ti -$540 N/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 gained’t be yesterday’s information for a bit longer. However, meaning it may also be longer earlier than current-gen RDNA 2 or RTX 30 collection GPUs see a worth lower.

(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 every single place, and it’s not arduous to seek out proof of that: Greatest Purchase is stocking third-party RTX 3060 Ti playing cards that price 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 worth 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 underneath MSRP.

3070 ti best buy

Sure, I really purchased it. My pal’s been in search of some time.
Picture: Sean Hollister / The Verge

However, should you’re the sort of one that shall be happy with a current-gen GPU as a substitute of ready for subsequent gen, it feels like these worth cuts may be coming. Seeing how some first-party GPUs may be had at MSRP, EVGA’s gross sales, and that 3DCenter worth index, it’s not arduous to see room for the remainder of the costs to sink.

That stated, it will depend on whether or not avid gamers discover that the costs they have been ready for have lastly returned. Moor Insights & Technique analyst Anshel Sag thinks they’ll. “GPUs will doubtless 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 plenty of pent up demand from precise avid gamers and shoppers which have been holding off for the final two years because of the chip scarcity, provide chain disruptions and crypto bubble.”

And whereas some individuals are tightening belts on account of inflation or will await next-gen GPU launches this fall, he doesn’t suppose they’ll maintain avid gamers away. “You must keep in mind that for lots of those shoppers, that is their main supply of leisure and socialization,” he says, including that many who’d await an RTX 40 or RDNA 3 card “perceive that the most recent and biggest may even be quite a bit tougher to get their palms on than what’s already out there now.”

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

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