It seems AMD might be shifting its focus towards the mid-range segment (once gain), with the introduction of a new successor to the RDNA3 architecture. This move would bring AMD back to its roots when the company prioritized the mid-range segment with RDNA1/Polaris.
I would be surprised if they don’t come back to the high-end market. AMD has been working on multi-chiplet designs now in the CPU and GPU space and I wonder if they are intending to use this generation to work through any performance scaling issues they may have. With the chiplet designs they should be able to theoretically scale to high performing cards assuming the power consumption is reasonable.