They write

"Of course, AMD is trying to get into the the AI training and inferencing game itself with the Instinct MI300 chip. And that, perhaps, is the main if modest cause for hope. If AMD can gain some traction in that huge market, it will not only be making lots of money, it will be in a position to do a similar thing to Nvidia and push some of that technology across into its gaming GPUs."

which strikes me as incorrect. AMD MI is pretty widespread in HPC. With margins lower in the consumer market it makes sense to focus on HPC.

Hopefully we start to see further cuts - AMD really needs to position itself as a value competitor to Nvidia. There's no reason the 7900 XTX or XT launched at the price they did, let alone the rest of the 7000 series.

Perhaps my evaluation is wrong here, but AMD seems to be doing the right thing with iGPU. Granted, they're not customizable, but perhaps, there could be a new market for a generation that seems to not want to deal with the burden of modular parts? Maybe laptops and tiny-factor PC cases?