No, in terms of performance, AMD Radeon RX 7700 XT is slower than Nvidia GeForce RTX 4070 Ti. Nvidia GeForce RTX 4070 Ti outperformes AMD Radeon RX 7700 XT by 31.7% in 3Dmark benchmark.
When it comes to power efficiency, RX 7700 XT falls behind with an efficiency score that is 70, lower than that of RTX 4070 Ti 80. Consuming 285 watts, RTX 4070 Ti has 14.3% better power consumption to performance ratio. The efficiency score is calculated by comparing the benchmark score with power consumption
When considering value for money, RX 7700 XT offers a better deal than, GeForce RTX 4070 Ti by 37.9%.