Earlier quoted context omitted.
Have clock speeds really plateaued? Sure it’s not “double every 18 months”, but in mid 2018 I bought an Intel 8700K that turbo’d to 4.7GHz and could (with liquid metal, dark magic and luck) overclock to exactly 5GHz. I remember people saying progress was slowing down, that we might not make it to 6GHz. 4.5 years later and Intel is bragging that their upcoming topline CPU will run 6GHz stock. I suppose one could call…
Part of why that happens is Intel selling chips closer to the red line. You need cooling similar to what used to be exclusive to overclocking just to keep the stock CPU cool.
Not just Intel either. AMD has joined the game as of Zen 4, and NVIDIA's been playing it with their GPUs forever as well.
Zen 4 desktop CPUs appear to have (as expected) virtually unchanged single core performance, and maybe 5% reduced multi-core performance, on CPU-bound workloads by reducing the power limit to cut total power consumption -- by over a 100W reduction in the case of the new 7950X! Granted, Intel's been doing that forever -- reign in Alder Lake and its power consumption also comes way down, again for barely a performance hit in CPU-bound multi-core tasks.
-----
Enthusiast grade CPUs and GPUs are basically sold in the equivalent of a TV's retail "demo mode" now -- where a TV has max brightness, contrast and saturation that you'd NEVER use, but is intended to just grab a customer's attention as they walk by. Being pushed so far outside of their efficiency sweet spot just to get that extra 5% to "win benchmarks", when outside of specific use cases (and even if you actually need that 5%!) you're just consuming 50-100% more electricity for utterly marginal gains.
What a waste of resources! All so children (or people who still act like them) can feel better about a purchase as they argue on the internet over nothing worth arguing about.