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Does it have anything to do with huge stockpiles of Ampere GPUs that were stuck with AIBs after prices crash and right before Lovelace launch?

Yes. Exactly the same thing actually happened in 2018 with the launch of Ampere, right after the previous crypto bubble collapse.

I guess EVGA saw that Nvidia was making no effort to change how they handle this situation and decided to quit rather than deal with it again.

Likely. According to GamersNexus, EVGA is currently losing hundreds of dollars on high end 3000 series GPUs right now.