I don't know the nitty-gritty of why, but some compute intensive tasks don't benefit from hyperthreading. If the processor is destined for those tasks, you may as well use that silicon for something actually useful.
That said I'll point to the Intel Atom - the first version and refresh were an 'in-order' where hyper-threading was the cheapest option (both silicon and power-wise) to provide performance, however with Silvermont they switched to OOO execution but ditched hyper threading.
Gaming CPUs and some EPYCs are the best