Wrong. See: Fury, Vega's predecessor.
Fury beat 980Ti at 4k, while Vega could barely take on 1080, so, no.
The fact that AMD has said it won't happen until 2H 2019 at best?
I'd appreciate a link and quote.
GeForce RTX is available right now, which means it will benefit from two of the most important shopping events...:
I'm not sure if it is stupidity caused by greed or some evil plan or both, but nVidai doesn't seem to consider dropping prices on older gen, 2xxx cards at given price are hard to justify and RTX stuff crippling 2080Ti to 1080p and poor fps is hardly exciting. And, uh, we also have that mining craze which I still can't figure if it's over or not and once it is over, we'd get market flooded with those cards, which is again, yay.
But even more importantly:
1) AMD doesn't have to "not miss" the mentioned shopping events
2) Exorbitant pricing set by Huang benefits AMD too
3) Mobile market is where they seem to have offerings.
He said small improvements, which is absolutely true.
Same improvements like before, while he implied Intel was slow, because no competition, so no, not rue.
Vega's failure has caused AMD to give up on the high-end GPU market. Going forward, NVIDIA will be the only game in town in that bracket, unless Intel is somehow able to compete.
After AMD recovers mid to mid-high end (which it could, having much more resources to spend on R&D than before), lucrative high end will naturally follow.