GDDR6 VRAM prices have declined significantly in the past few quarters. According to 3DCenter, the spot price of 8 GB GDDR6 VRAM is now $25.
To get an estimate of how drastic the decline is, an 8 Gb GDDR6 DRAM would cost you around $13 in the spot market back in February 2022. Right now, you can get it for as low as $3.05, a significant decline considering its peak value. The $13 price for 8 Gb GDDR6 was back in the cryptocurrency boom days since the demand for GPUs skyrocketed within 2021-2022. However, VRAM prices took a reverse after the crypto hype started fading away, and it was expected that the declining trend would continue further on.
This massive decline in VRAM pricing is mainly due to the decrease in GPU demand. Since Q1 2022, we have seen that there has been a rapid decrease in GPU sales, mainly due to how next-gen releases are unable to grasp consumer interest. Disappointing recent launches from NVIDIA and AMD have forced consumers to stick with their previous GPUs, resulting in a decrease in demand for GDDR6 VRAM.
You may be wondering why businesses aren't using the lower price of VRAM to provide customers with more of it. Well, the answer is a bit complicated. First, companies like NVIDIA can't buy VRAMs at spot prices because they have long-term contracts with their suppliers, and the prices are set regardless of how the market moves. To ensure compatibility with specific ICs, businesses cannot just purchase VRAMs from any vendor.
Secondly, adding more VRAM results in making changes to existing designs. There needs to be proper BIOS Firmware and GPU designs made as showcased by modders who are modding the existing GPUs with higher VRAM. Putting 16 GB of memory on an 8 GB card isn't something that can be
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