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Darc Requiem said:

If the rumored price and performance levels of the 9070XT are accurate, I don't see what AMD is nervous about. The 5070Ti is $750. The 9070XT, based on rumors, should match it in raster while having 4070Ti to 4070Ti Super RT performance. If AIB cards are truly $550 with reference models being less, then it makes the standard 5070 look like a terrible buy at $550. But AMD has a habit of getting an opening from Nvidia that they completely botch. So, we shall see.

I don't make a habit of quoting myself, but no sooner than I post this I see this news.

https://videocardz.com/newz/amd-confirms-radeon-rx-9070-series-launching-in-march

Even if the pricing is at the $550 level, this is a major fumble. This gives Nvidia all of February to themselves. This is a huge missed opportunity for AMD if they wish to gain marketshare. They had an uphill battle anyway and now people waiting to upgrade will just  buy 50 series cards and be done with it. There has to be some sort of driver issue, retailers are already getting cards in stock. WTF AMD.