Actually, it is. Look how Polaris want salvageable. What happened there? Stroke of luck with miners. Now we have Vega 11, which may be 12nm, then Vega 20 which will likely be 12nm, with the first 7nm product on graphics set to be announced or introduced in July or August next year at SIGGRAPH. Look what Asus AIB product for the strix performance looks like compared to the liquid cooled edition. They will weather this fine, especially adding mining features to the main driver.
So before you go off, and I do respect your work on profiles for Asus, think about what is happening. Volta will only have the halo titan, the 1180/2080, and the 1170/2070 with GDDR6 in March. The refresh for AMD keeps them in the game, which launching Polaris without Vega had them out for awhile. That means it isn't a huge chasm, but it also isn't enough for Nvidia to give us the real premium product at a decent price yet, as the 80 series used to be the mid range.
Finally, remember AMD holds 20-30% of the graphics market, but only around 6% on cpu market. You can make gains with a competitive market easier when you are the smaller guy and any sells double your market presence. To gain when you are already double digits is harder. Not to mention bad decisions coming BEFORE Su took the helm which would have bankrupted the company by next year. So, as a business, this is coming along. Did you look at the increase in R&D? The majority of that is 7nm! The reason everyone skipped 10nm was it was a half node that was having major issues. Everyone has made more success at 7nm, whereas Intel is stuck on 10nm. It should be noted that logic density is about the same at 7nm as Intel's 10nm, meaning the market has caught up to Intel because Intel hit a wall. This also is why Intel is abandoning full nodes! Think about it!