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It looks like availability of AMD's high-end GPUs has bettered itself somewhat; at least the average price of the 6800XT and 6900XT has dropped somewhat and not risen again to their previous price:

RTX card prices are still stable or rising, meaning if AMD would be able to increase production then AMD could beat NVidia simply by having more stock to sell. And considering that on the CPU side the Zen 3 CPUs are also mostly meeting demand now, AMD could put the bulk of the 80% production capacity increase into GPU chips for now.