The game is all over the place with performance stuff. While it is the CPU and GPU (heavily the CPU, though), the game was created in such an odd way. Like, the engine wasn't meant to handle this much stuff going on all at one time. Also they designed the game with Frame Generation in mind, too..
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But, if you are looking to only get a GPU upgrade, it will not help, I promise. You need a VERY good CPU to help out. Something a lot more current.