Why are graphics cards twice as expensive as in 2016/2017?

This has various factors. On the one hand, chip production has become extremely expensive. In current production (5nm /4nm) a chip of the same size costs more than twice the chip at the time. For this purpose, the graphics chips have become significantly larger.

The chips now consume more power. This makes things like the power supply much more expensive. The entire PCB is more expensive and more complex in today’s graphics cards than before.

Today’s graphics chips are also very popular away from gaming, e.g. for AI applications and there can not be any many produced, so the price automatically increases. Someone who earns money is ready to pay more money for the same chip than someone who only plays with it.

Another factor is purchasing power, the same money no longer has the same purchasing power as 8 years ago. In order for a company to earn the same as at the time, it has to demand significantly higher prices today.

The development of new architectures is becoming more and more expensive and of course this is also being praised. Lastly, a very simple reason. People pay high prices. If a company notices that people are willing to pay more, the prices are also attracted.