How much more will Nvidia GPU Prices Drop?

When AMD released the RX 7700 XT and 7800 XT Nvidia had no choice but to start dropping prices. How far will they go?
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[@aelaan12]

The price might come down just a little more, but we need to face the economical challenges of inflation and recession. I don't think the prices will skyrocket again, there are more players in the market and the mining is not lucrative on GPUs (higher power cost, hence inflation and no margins to speak of). Large Language Models need more powerful gear (hence NVIDIA's stock skyrocket). Older people will remember the time when you had to rent space on a mainframe to run your calcs. Similar to what AWS and AZURE and the likes are doing today, it will happen at the LLM/AI level and prices will come under pressure because there are only few big players.