If the diagnosis is that AMD GPUs can't do HDR properly then yes. There was not a single setting anywhere in Windows itself nor the Adrenalin driver software that allowed me to configure the screen to a comfortable setting. Even when specifically trying to disable anything HDR related.

My work Macbook on the other hand has zero issues with HDR and its display.

To be fair, you can still blame the OEM of course but as a user I have no way to distinguish that, especially in my specific situation.