NVIDIA, which has made history as the number one graphics card manufacturer in the world, recently introduced the GeForce RTX 4080 and GeForce RTX 4090 and GeForce RTX 6000, brand new graphics cards that enchant all gamers and professionals. These graphics cards have been talked about a lot with their features as well as their prices. The latest statements reveal that we have to get used to these prices.
NVIDIA CEO Jensen Huang held a question and answer event with the participation of members of the press. Answering questions about prices at this event, Huang made a debut that would leave the enthusiasm of consumers in the lurch. “Moore’s Law is dead. Even a wafer is much more expensive today. The idea that the chip price will fall is a story from the past…” The CEO of NVIDIA, who used the expressions, stated that the prices will not decrease while the costs have increased so much. So what was this Moore’s Law that the NVIDIA CEO was thinking of?
What is Moore’s Law?
Gordon Moore, one of the founders of semiconductor giant Intel, wrote an article in 1965 and made an important prediction for the technology world with this article. This prediction was called Moore’s Law, and it said: In about 2 years, the sophistication of a chip doubles, and the cost either stays the same or goes down. In other words, you could buy twice the power of a chip that you can buy for 10 liras today, for 10 liras after about 2 years. NVIDIA CEO thinks that this era is over and Moore’s Law is no longer valid.
So why did this happen? Why have graphics card prices reached the level they’ve never been before?
To be frank, we can say that the CEO of NVIDIA is not wrong. Because the chip crisis with the COVID-19 pandemic has caused global distress. Moreover, there was also the cryptocurrency mining dimension. So much so that Ethereum was mined through GPUs, which increased the demand for graphics cards. The graphics cards released were in the hands of the trap, so to speak, and this, combined with the chip crisis, was faced with unprecedented prices.
But as of the beginning of 2022, the COVID-19 pandemic is over. Ethereum mining has also reached saturation point and demand has fallen relatively. As such, a downward trend in prices began to be experienced. In the past weeks, an update has been released for Ethereum and mining has officially ended. It was believed that all these would lower prices. At the point we have reached today, we see that there is a lot of enthusiasm…