For those who came in late AMD released the $449 Radeon RX 7700 XT and $499 Radeon RX 7800 XT. AMD's pricing and performance numbers pit the cards against Nvidia's GeForce RTX 4060 Ti (the $499 16GB version) and the $599 RTX 4070.
AMD's pricing is aggressive enough that Nvidia is quietly cutting the prices of some 16GB RTX 4060 Ti cards to $449, to match the RX 7700 XT.
The announcement about the $50 reduction was buried toward the bottom of an email that Nvidia sent to GPU reviewers ahead of AMD's launch next week. The email reminded us that its chips had Nvidia-specific features like DLSS upscaling and frame generation, which compete with AMD's GPU-agnostic FSR, plus recent DLSS improvements that improve ray-tracing performance.