Yeah. In pure raster metrics with an undervolt, it gets very close to my RTX 4080.
Where AMD need to make improvements is in RT. At the lower end where heavy RT barely matters as it is too slow (4060 and below), then AMD are much better bang for the buck. At 7900 GRE and above you really need to ignore RT almost entirely to think AMD are a better option overall. When I got my 7900 XT for £650 last July nothing else came close from Nvidia.
Where AMD need to make improvements is in RT. At the lower end where heavy RT barely matters as it is too slow (4060 and below), then AMD are much better bang for the buck. At 7900 GRE and above you really need to ignore RT almost entirely to think AMD are a better option overall. When I got my 7900 XT for £650 last July nothing else came close from Nvidia.