I think AMD (used to be ATI) is just so insignificant now and needing cash infusions won’t make any programmer/developers or chip plants want to support your platform if you will be sold, not around, etc etc…long term.
They have also had layoffs and morale must be dismal.
I think they may have won some chip contracts for consoles, but don’t follow it closely at all.
I game and only use Nvidia for “imagined” better compatibility and less problems.