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I found that statement above so interesting that I decided to check it out myself using the max + average power consumption of the four default cards from both companies, from two different reputable review outlets. Some quick Excel math later...

It turns out Nvidia overdoes the rated power more often and more blatantly than AMD! With just the 3080 being below rated TDP as opposite to both the 6700 and the 6800, while the 6800 XT and the 6900 XT more or less match rated and go just slightly over.

Another interesting fact is that cards tend to cluster roughly at the same spots above or below the rated power indicating BIOS limits are at play here to keep things constant across different quality chips in a rather PS5-like fashion.