A better question might be why AGP didn’t supplant PCI for all devices rather than just graphics cards, and the answer is that since AGP was a port rather than a bus, it was impossible to put more than a single AGP slot on a motherboard.
Once PCIe came along and was able to provide the bandwidth and DMA required for graphics cards, it simply replaced both PCI and AGP, rendering them both obsolete.
AGP is just PCI on steroids[0], so it's less than impossible and more like prohibitively expensive, because it would require an additional run to a dual-AGP-ported memory controller (which resided in the chipset in the times of AGP) which did not exist or additional system chipset, probably with it's own memory and all those SMP shenanigans from that.
BTW I think I heard about some motherboard which had two AGP slots, but the second one was AGP only physically/electrically, running over a standard PCI bus. But maybe my brain is just making things...
[0] https://www.youtube.com/watch?v=Pdl1Jwe9dcw
EDIT:
https://retrocomputing.stackexchange.com/questions/16863/was...
I've not personally ever seen a board with dual AGP slots, but there were a number of AGP and PCI-e supporting oddballs during the transition period. I recall one of the more terrible ones doing something like basically just allowing an AGP card to hang off the PCI bus. There were some AGP/PCIe chipsets that were quite good during this time as well, but many of them seemed to be crappy hacks with performance limitations or compatibility problems.
Also interesting were the graphics cards that used Nvidia's AGP -> PCIe adapter chip which allowed them to keep selling older hardware on newer platforms.
It's not a real two slots, because you can use only one, of course.
AlphaServer ES47 and ES80 model has support for 4 and 8 AGP slots respectevly but that's cheating, they are server scalable systems. Maxed out GS1280 can support 16 AGP slots per partition.
They did test them with 4 cards, though.
https://www.hpe.com/psnow/doc/c04324523.pdf?jumpid=in_lit-ps...
https://docslib.org/doc/5603403/hp-alphaserver-es47-es80-gs1...
Unsurprisingly (in the context of the thread) some guy from Russia actually did AGP to PCI converter and it worked just fine (considering you can only use 3.3V cards on it):
https://www.youtube.com/watch?v=Jhp1_zBnAEk
> I recall one of the more terrible ones doing something like basically just allowing an AGP card to hang off the PCI bus
Intel 915 chipset:
https://www.anandtech.com/show/1344
Looks like this is what my mind mangled up to a dual AGP slot version.
Welp, guess there was no dual AGP consumer cards at all.
Can you guess which product used this implementation?
EDIT: and be sure to check the shenanigans in this comment: https://news.ycombinator.com/item?id=40422963
Because PCI was a shared bus, not only did the video card have to share bandwidth with every other card, but PCI ended up stuck at the original 33mhz speeds of the first version for compatibility reasons.