https://wccftech.com/nvidia-entry-level-geforce-rtx-3050-ampere-ga107-gpu-specs-detailed/

It looks like even NVIDIA's entry-level lineup in its Ampere stack, including the GeForce RTX 3050, will be featuring ray-tracing support as the latest rumor from Kopite7kimi (via Videocardz) seems to suggest.

According to the rumor, the NVIDIA GeForce RTX 3050 will be utilizing the GA107 GPU core. This means that even the entry-level parts will indeed feature raytracing support, unlike the GTX 1650 and 1660 series cards which didn't come with the necessary tensor or raytracing cores to enable hardware-accelerated raytracing and DLSS features in games.