FSR exists, and FSR 3 actually looks very good when compared with DLSS. These arguments about raytracing and DLSS are getting weaker and weaker.
There are still strong arguments for nvidia GPUs in the prosumer market due to the usage of its CUDA cores with some software suites, but for gaming, Nvidia is just overcharging because they still hold the mindshare.
By this metric, one can argue that we currently “misuse” a lot of words in the English language, but the reality is language evolves. Think about how the definition of “nice” has evolved from meaning “ignorant or stupid” in the 1300s to it’s current meaning.