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JEMC said:

Looks like Nvidia's plan to make capped GPUs to keep miners away and force the prices down is working better than AMD's plan of doing nothing.

Mining demand is strongly going down due to crackdowns in China. I think it's far more probable that the supply in Nvidia GPUs rose simply because it's main customers now broke away due to the crackdowns.

Interesting how the US are barely affected so far. According the PCPartPicker, AMD GPU prices peaked a couple weeks ago (apart from the 6700XT who just came out) and are now somewhat cheaper, while NVidia cards are all still around their peak price. Most notably down are however the old Polaris GPUs (RX 570 and 580), who really rose to ludicrous prices ( average prices for a 570 rose to $500+, 580 even over $800. The RX 580 cost about as much as an RX 6800 non-XT at the same time, which is also at ~$800) and now are finally sliding down.