Razer, a name synonymous with high-performance gaming gear, has finally broken its long silence in the external GPU (eGPU) arena. After six years, the successor to the popular Core X Chroma is here: the Core X V2. But this isn't just a simple refresh; it's a complete rethinking of what an eGPU enclosure should be, arriving alongside a separate, equally significant Thunderbolt 5 Dock. On paper, these look like cutting-edge solutions, leveraging the very latest in connectivity. Yet, a closer look reveals a strategy that might leave some long-time eGPU enthusiasts scratching their heads.

The new Razer Core X V2 is undeniably sleek, a steel chassis designed to house even the most monstrous modern graphics cards, including quad-slot behemoths from the upcoming RTX 50 and Radeon RX 9000 series. A 120mm fan is tucked inside, ready to keep those powerful GPUs cool. It’s marketed as a plug-and-play solution, promising to bring desktop-class graphics to Thunderbolt-enabled laptops and handhelds. And that's a noble goal, isn't it?

However, the "plug-and-play" aspect comes with a significant asterisk. Unlike its predecessors, the Core X V2 is a remarkably stripped-down affair. Gone are the integrated USB ports, the Ethernet jack, and, most notably, the built-in power supply. Users now have to provide their own ATX PSU, a major departure from the all-in-one convenience of previous Core X models that shipped with a 650W unit right out of the box. While the 140W USB Power Delivery (PD) through the Thunderbolt 5 cable is a nice touch for charging your laptop, it doesn't quite make up for the loss of a fully integrated solution. It feels a bit like buying a high-end car chassis, only to be told you need to source your own engine and wheels.

The headline feature here is, of course, Thunderbolt 5. This new standard boasts impressive theoretical bandwidths: up to 120Gbps in one direction and 80Gbps bidirectionally. Sounds incredible, right? More bandwidth is always better, especially for external graphics. But here's the rub: eGPU applications are still bottlenecked by the Thunderbolt specification itself, which limits them to PCIe 4.0 x4 speeds. That translates to roughly 64Gbps.

If the Core X V2 feels sparse, it's because Razer has clearly decided to split its functionality. The company wants you to buy the new Thunderbolt 5 Dock separately. This dock is designed to be the central hub for all your display, data, and storage expansion needs. It's quite feature-rich, supporting three 4K 120Hz displays, a UHS-II SD card slot, 10Gbps USB-C and USB-A ports, Gigabit Ethernet, a 3.5mm combo jack, and, impressively, an M.2 PCIe Gen 4 SSD slot. That last one is a rare and welcome inclusion on a dock, a real boon for content creators and video editors who need fast external storage. It even integrates Thunderbolt Share, a KVM-like feature for file transfers and peripheral control across two connected PCs. Pretty neat, I must say.

Consider the Core X Chroma, released years ago. For just $100 more than the V2 alone, it offered RGB lighting, a 700W integrated power supply, USB ports, and Ethernet. Razer has effectively unbundled what used to be a single, more comprehensive product, and then priced the individual components higher. For those of us who appreciate an all-in-one solution, this modular approach feels like a step backward in convenience, even if it's a step forward in raw connectivity.

This is perhaps the most critical question. Razer's latest offerings are technically sound and forward-looking, but they arrive in a laptop ecosystem that's increasingly fragmented.

First, macOS support has been dropped entirely, as Apple Silicon Macs no longer support eGPUs. That immediately cuts out a significant portion of the potential user base that once flocked to eGPUs for their MacBooks.

Second, the Core X V2 is strictly for Windows and handheld PCs that support Thunderbolt 4 or 5. And Thunderbolt 5? It's still incredibly rare, largely confined to niche, high-end gaming notebooks and mobile workstations. The very users who would benefit most from an eGPU box—those with entry-level laptops, compact PCs, or the aforementioned MacBooks—either lack the necessary port or the software support. Meanwhile, many high-end laptop users already have powerful discrete GPUs built-in, negating much of the need for external acceleration.

Razer's move here is a bold one, leaning fully into the nascent Thunderbolt 5 standard. The technical benefits of TB5 are clear: better multi-display performance, improved daisy-chaining, and higher device charging. But it assumes widespread adoption of a port that's still very much in its infancy.

In trying to be bleeding-edge, Razer might have overlooked what made its earlier Core enclosures so appealing: their simplicity, self-containment, and practical expansion. This new modular, higher-cost approach, coupled with the limited current availability of Thunderbolt 5-enabled hosts, feels like a significant gamble. It's a technically impressive duo, no doubt, but its practicality for the average user, or even the average enthusiast, is certainly up for debate. Only time will tell if this bet pays off.