More GEMM sure, but you can make 2x FP32 and 4x GEMM in one go if you want. It is only about the ratio ;)
For example something like that:
- RDNA5: 2x FP32, 2x GEMM (+FP4 Support), 2x LDS size
- CDNA5: 2x FP32, 4x GEMM, 4x LDS size
I assume here that making bigger CU/SM in general could yield...