Skip to main content

Nvidia and AMD GPU prices could skyrocket again in 2023. Here’s why

The price of both Nvidia and AMD GPUs could skyrocket in 2023, providing an extra incentive to order your new graphics card before the end of year. If the costs do rise, it won’t be a conspiracy by Nvidia and AMD to make amore profit, but rather an unfortunate circumstance of U.S. import tariffs expiring.

The U.S. Trade Representative recently announced that tariff exemptions were extended for several products, but hasn’t updated the exclusion for graphics cards. The exemption will expire on December 31, 2022, unless it’s renewed in the next few weeks. This means we could see prices could jump by as much as 25% in 2023.

Three graphics cards on a gray background.
Image used with permission by copyright holder

That could hurt badly, especially since, after several years of rapidly increasing GPU prices and limited availability, graphics cards supplies have somewhat stabilized, along with prices. But as we’ve seen with cards like the RTX 4080, companies like Nvidia are starting to build the rising costs into the retail prices.

Imagine if the Nvidia GeForce RTX 4090 rose from its already expensive $1,600 cost to an eye-watering price of $2,000. That’s what a 25% increase looks like. An AMD Radeon RX 6950 XT that currently sells for $1,100 could shoot up near $1,400 in January of 2023, pulling almost $300 out of the tight budget you might be facing in the new year.

The strong tariffs on imports from China began in 2019, and many are still in effect today. The U.S. government has added several exclusions, including the graphics card exemption that Nvidia requested in December of last year. With supply issues causing additional costs to electronics manufacturers, the tariff was proving to be a heavy burden on an already struggling industry.

If you’ve been considering an upgrade of your GPU, it might be wise to make that purchase before the end of the year.

Editors' Recommendations

Alan Truly
Computing Writer
Alan is a Computing Writer living in Nova Scotia, Canada. A tech-enthusiast since his youth, Alan stays current on what is…
Even Nvidia’s partners don’t believe in the new RTX 4060 Ti
RTX 4060 Ti sitting on a pink background.

Nvidia's RTX 4060 Ti 16GB is reportedly just days away from launch, but rumor has it that there may not be a lot of GPUs to choose from. This isn't a sign of another dreadful GPU shortage, though. It's more that the RTX 4060 Ti has very little chance to rank high among the best graphics cards you can buy.

We've just recently seen the release of the RTX 4060, but Nvidia still has another card up its sleeve -- a clone of the existing RTX 4060 Ti that comes equipped with twice the VRAM. However, due to certain factors, the GPU might be doomed to a life of subpar sales and unsatisfying benchmark results.

Read more
This mysterious Nvidia GPU is an absolute monstrosity — and we just got another look
Two Nvidia GPUs side by side.

The beast is back. Several new photos of what appears to be a quad-slot Nvidia GPU emerged today, revealing a monstrous prototype that's still yet to receive a name. In this iteration, it's more of a cooler than a GPU, as it doesn't appear to have a PCB.

Today's leak brings a lot of questions about what could one day be Nvidia's best GPU ever. Is Nvidia really working on a Titan GPU, or is this the RTX 4090 Ti?

Read more
Nvidia’s RTX 4060 might not be such a disappointment after all
Nvidia's RTX 4070 graphics cards over a pink background.

Nvidia's RTX 4060 is right around the corner, so it's really no surprise that the first benchmarks are already starting to leak out. Today, two tests have been spotted, and they bode pretty well for the GPU. The RTX 3060, which is still a favorite among Nvidia users, might be around 20% slower than the upcoming Ada Lovelace model.

Will the RTX 4060 become one of the best GPUs, or at least one of the most popular models in this generation?

Read more