No, in terms of performance, AMD Radeon RX 7600 is slower than, Nvidia GeForce RTX 3070 Ti by -37.1%.
The RX 7600 is more energy-efficient considering its peformance, consuming 165 watts to produce 3DMark score of 10817. By comparing its benchmark score to its power consumption, we get an efficiency score of 65.6. RTX 3070 Ti's efficiency score is 51.1, 28.2% lower, making RX 7600 the smarter choice in terms of power consumption.
When considering value for money, RX 7600 offers a better deal than, GeForce RTX 3070 Ti by 40.0%. Here is more in depth overview of the price and used prices of RX 7600 Price History and RTX 3070 Ti Price History