AMD Instinct is their direct competitor for compute and they are better per dollar, better per watt, and out competing on raw performance.
Only thing holding them back is fab capacity which nVidia keeps buying in bulk to keep them small.
Have you ever actually had anyone work with these chips? Developer ux on amd is terrible.
AMD is held back by their interconnect and firmware disadvantage compared to nvidia. They’ve been trying really hard to create their own cuda, but rocM and HIP still aren’t very popular especially for research.