Nvidia will ship its $749 RTX 5070 Ti ahead of AMD’s event, though, on February 20th, a week from today.

AMD has telegraphed that it won’t be competing with Nvidia’s latest and greatest cards, so price is the one big lever that AMD can potentially pull in order to compete. (The AMD Radeon 9070 cards appeared to be targeting Nvidia 4070 Ti and 4070 Super levels of performance, not necessarily higher.) But Nvidia, a company that can now make $20 billion in pure profit in a single quarter, could theoretically counter that if it feels it needs to, and now has more room to do so.

All that said, there is a rumor that AMD may be working on a more potent card than its already-announced RX 9070 and 9070 XT, one with 32GB of RAM. AMD gaming marketing boss Frank Azor says the 9070 XT won’t be a 32GB card, but did not address the larger rumor.