The plus side though, is based on what Gibbo, and others in the industry have said, is that RDNA4 stock, unlike Nvidia, IS coming.
Gibbo said the other day they've got multiple deliveries due over the coming weeks; and I've heard other retailers and industry insiders mirror that. The stock was never going to mirror the pent up demand, but unlike Nvidia, stock's coming, and fairly frequently.
This should mean that prices will normalise, and sooner, rather than later, everyone who really wants one should be able to get a card. The fact stock keeps appearing will hopefully put scalpers off too, as it'll make it hard for them to make money beyond the initial run; and as stock becomes more prevalant, retailers and AIBs will start to compete more.
The Nvidia/COVID style situation only really continues when the stock never catches up, but it sounds like AMD genuinely have at least put a decent number of wafers to GPU dies, so they'll be coming; its very hard to say there's not stock, when the Day 1 sales of the 9070 series apparently eclipsed all the 5000 series stock seen total to date. Sell out, is very different to paper launch. I'd argue this has been a sell out; with OCUK alone selling over 5000, that's not no stock in the slightest.