During the Q&A session, Jensen Huang was asked about GPU prices. His response was very telling.
"Moore's Law is dead. […] A 12-inch wafer is a lot more expensive today. The idea that the chip is going to go down in price is a story of the past," said Nvidia CEO Jensen Huang.
Huang instead focused on price points, pointing to the large performance increases Nvidia is said to offer with RTX 40-series cards. This was in the context of the previous generation, comparing a card like the RTX 3090 Ti and the increase that a card like the RTX 4090 can offer over it. That largely ignores that the previous generation is, well, the previous generation, though.
"The 3080 was, and still is, great value, and it will continue to live on," an Nvidia spokesperson said in another briefing, nothing that it was far from dead.
Sauce: https://www.digitaltrends.com/computing/nvidia-says-falling-gpu-prices-are-over/