The big picture: At the AI PC summit in Beijing, AMD claimed that its board partners have shipped more than 200,000 of its Radeon RX 9070 and Radeon RX 9070 XT graphics cards since their launch earlier this month. The company added that it has almost exhausted its entire global supply and sold out its inventory. At the AI PC summit in Beijing, AMD claimed that its board partners have shipped more than 200,000 of its Radeon RX 9070 and Radeon RX 9070 XT graphics cards since their launch earlier this month. The company added that it has almost exhausted its entire global supply and sold out its inventory.Demand for AMD's latest GPUs has outpaced supply thanks to strong reviews, leaving major retailers struggling to keep stock. Most units have already sold out, and the few remaining are priced well above MSRP. The inflated prices have led to rampant scalping and accusations of price-gouging.AMD's Frank Azor assured consumers that both GPUs would be available at MSRP, but that has yet to materialize. However, supply could improve soon. AMD board partner Yeston, whose cards are currently exclusive to China, claims availability will stabilize after April. The company expects AMD to ramp up supply by May, offering relief for gamers struggling to find the cards at reasonable prices.AMD Vice President of Product Marketing David McAfee described demand for the new GPUs as "unprecedented" and said the company has had a "pretty amazing couple of weeks." While he acknowledged that most models are sold out at major retailers, he emphasized that restocking remains AMD's "priority number one."At launch, AMD had promised "wide availability" for its latest cards at MSRP, but a quick search at leading retailers like Newegg, Amazon, and Best Buy tells a different story. When we checked, only one RX 9070 XT was available on Newegg at the $599 MSRP, while the rest were priced way higher, going up to $859 for an overclocked model. Amazon's and Best Buy's prices and availability weren't any better. // Related StoriesIn related news, AMD claims that as many as 500 million devices worldwide use Radeon graphics cards. This figure includes laptops, handhelds like the Asus ROG Ally and Lenovo Legion Go, gaming consoles like the Xbox X|S and PS5, and even Tesla cars like the Model S and Model X, which use embedded RDNA 2 GPUs to power their infotainment systems.