Some truth to that though they can clock high as well and have 20% better IPC than Zen 3 and like 8% better IPC than Zen 4. Plus clocking higher better performance overall.
I think the best estimates are that Zen4x3D will be 10-15% better than intel. Even if it just matches the best intel has that’s not too bad as there are at least a further two upgrades on the AM5 socket with Zen5 and Zen5X3D.