With increased competition from NVIDIA and no new GPUs to launch, AMD is cutting the prices of its Radeon R9 290, and 290X GPUs.

NVIDIA has launched its new Maxwell GPUs, with the new GeForce GTX 980 and GTX 970 taking the world by storm, but what has AMD got? No new GPUs for now, but the company is now slashing the prices of its current Radeon R9 290 and R9 290X GPUs, considerably.

The Radeon R9 290 has dropped from its $399 price to $299, while its more powerful brother, the R9 290X drops from $549 to $399, a drop of $150. The R9 285 has also dropped to $229 or so, while the 280X is down to around $269. The new price cuts are effective immediately, with Newegg and Amazon prices being adjusted already.