This is a contentious debate of which I merely think everyone interested in this should be aware. I included my position, which is shared by many, that this is ridiculous if not illegal.
I hope I didn't confuse anyone as to there being a different and dramatically better funded side of the argument, given that everyone on HN is squarely the target audience for the PR blitz on this. Everyone knows all the arguments for why we're all supposed to say "This is fine. Everything is great here.".
A much milder position than "cousins are running companies that seem to be coordinating" is: "55.58% Net Profit Margin last quarter isn't consistent with a functioning market". Those are Wintel margins, those are "get more than noticed by the DoJ" margins.
Throw in everything `ROCm` down to the "hangs randomly doing ostensibly supported things on a mainstream platform like Ubuntu 22.04 with a modern kernel" being pretty clearly under-resourced for an organization that can do Zen4 and it's basically flawless firmware / UEFI / driver / etc. story?
AMD can build a 7900XT that is a joy to use for people who don't need 100Gb of VRAM or FP8 training. They'd sell a zillion of them at margins that even EPYC would envy, and they've had people on their ass in public about it for coming up on a few years now.
NVIDIA can build a prosumer card, and continue to be the GPGPU vendor that all of us had no compunctions about listing as one of our favorite companies in tech (with a few exceptions like the Linux fiasco ages ago) even a couple of years ago. The "holy shit you can do all this on a 3090-Ti and a normal tech worker can save up enough to buy one pretty easily" days were imperfect, but I still really liked NVIDIA, or at least enough not to be desperately looking for other options as my default posture.
Both companies can easily make a pile, look like the good guys, draw hackers into the ecosystem, and enjoy both the wads of cash and love that everyone would be throwing at them. The competition would be better for both teams! It just wouldn't turn into a short-term asset, it would turn into a long-term asset: it would be "our team is in true fighting form on this", and you can't report that next quarter. And the parts of AMD and NVIDIA that have serious pressure on them, that are in fighting shape? Those teams are red hot, they're killing it.
They just don't want to.