Last year, new graphics cards were sold out almost immediately upon delivery in stores. People would wait in line overnight to get theirs. Of course, some of them were scalpers who would sell the card online for over double the retail price. I saw $1,000 3080s going for over $2,500.
Now, the shortage is over. The glut is here! Stores have to move inventory as the new series of cards will be launched in the upcoming months. Nvidia just couldn't see their prospective customers suffer with crazy high prices. So, now they're offering some serious price cuts!
Such overwhelming kindness. Oh, their stock is down 55% from the top. Sad!