100%, they didnt' underestimate anything, if they did theyr'e idiots... as the internet was alive with 3000 series like no other card I've seen in 25 years... and nVidia underestimated? No, they released too early to scupper AMD and it backfired BADLY and now it's excuse time. Simple as that/ They've got a fantastic product that no one can buy and it's a shame... All AMD needs to do is be within 10% performance and be around 20% cheaper but the most important thing is HAVE CARDS AVAILABLE ON DAY 1 and they're onto a winner. They don't even have to match 3000 series, just undercut, be competative and be AVAILABLE!
If you look at the failure that was Ampere Launch closely, Nvidia are clearly spooked.
1) Paper Launch - almost zero products worldwide
2) Cards failing out of the box at launch
3) Cards clocked to their limits out of the box
4) Marginal increase in performance over previous tiers
5) Cards manufactured with inferior components
6) Partners selling cards at inflated prices via their resellers on sites like Ebay
7) Having to release drivers to stop cards failing, which then actually regressed cards box stated stats
8) Cards with limited Vram while copious rumors and leaks point to versions with higher Vram being kept back
9) Delaying release of all products til AMD show their hand
Yet people are still calling this a victory because the one smart thing Nvidia done was basically hang out to dry their 2080ti owners by giving their customers a 3080 cut down Vram card that performs a lot better at two thirds the price.
So many people believe Nvidia have had a good launch, because the 3080 appears on paper to be a great product, i mean all that performance for that MSRSP... which incidentally very few people will actually get it for unless your willing to wait 3+ months for it. Its a huge gamble, especially if AMD bring the hammer with similar performance at a cheaper price to offset the lack of "Nvidia" features such as DLSS and RTX (AMD will have inferior Ray Tracing we know this, but we expect it to be better than Nvidias 1st gen Ray tracing anyhow, so id call that a win)
The most insulting thing i feel though, is even now with the huge back orders of 3080 / 3090 cards, Nvidia will still undoubtedly release 20GB variants of the 3080, at a hugely marked up price, while their customers still cant get the 10GB versions, watch this space i can almost guarantee it will happen.
Yet despite all of this absolute clusterbumble of a launch people still believe AMD will only be competing with the 3070, its mind-blowing how people can still feel this to be the case lmao...
We could quite possibly see a scenario where not only does AMD compete with Nvidia this time round, but actually come at a good price and have plenty of stock to fill orders (the last bit im still hesitant about due to AMD needing to fulfil CPU and console orders, could be a big ask)
What i do know for certain, is Amperes launch gets more hysterical to watch by the day, i literally laugh everytime i read a new thread on this and other forums and reddit etc regarding something new from this launch, or a new failure etc, literally you could not make this launch up, its horrendously funny.