Jensen seemed salty to me. By dissing the performance of the Radeon VII he indirectly crapped on his RTX product line. Pointing to Ray Tracing and DLSS would matter if A)Features had wide support B)Ray Tracing didn't tank performance. Those features "may" be the future but by the time they are widely adopted the current RTX lineup will be ill equipped to handle the games anyway.
Sort of reminds me of when AMD when full bore into multiple core CPUs while Intel focused more on single thread performance. AMD gambled that multiple cores would be the future. The gamble didn't pay off for them. By the time multi core CPUs matter, their old CPUs weren't up to the task. That's what I see for the RTX lineup.
That doesn't mean AMD doens't need to step their game up. They absolutely do. Nvidia has moved up the pricing for GPUs with modest performance improvements. If AMD doesn't step it up, maybe Intel's upcoming GPUs will bring us more competition.
