Will believe it when it appears; Alchemist was speculated to take on the 3070 but didn't come close.
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I'm not sure why the a770 is underpowered but the a750 performs just as well if not better than the 3060 in most (modern) games now.
Until they get native DX11 support at the level of the other 2 companies, that will continue to damage their appeal. I know people don't like them using a translator for DX9 and Counter-Strike, but there is a lot larger number of a DX11-only games and early dual DX12/DX11 games that performed better using DX11. Smooth DirectX11 support needs to be a top priority for drivers.
Plus Intel has the cash to fund path tracing delevelopment. They might be content taking market share away from AMD but spending a full billion dollars on path tracing R&D starts pushing into nVidia market territory.
If I could make one request of all of the hardware companies, it be for all 3 GPU makers to push game studios towards Vulkan as replacement for DX12.