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What desktop motherboards even have a spare 16 lane PCIe 5 slot apart from Threadripper boards?
Considering the price, it’s probably only aimed at Threadripper type scenarios or someone using an iGPU desktop system.
Yeah, it’s really over priced. As long as your motherboard supports bifurcation and has a full 16 lane slot, you don’t need the expensive PCIe switch. Asus has a similar card, but without the switch for $80.