Tech will always advance regardless.

first you say this

top of the line graphics cards and still can’t completely max out new games and hit full refresh rates.

then this. what the hell do you actually want? do you want hardware to be "ahead" of software in the sense that there aren't settings taxing enough to put the hardware to the test? think about it: if there weren't any computationally intensive tasks for computers to run, tasks which demand hardware improvements to match them, then there wouldn't be any hardware advancements because computer components would be commoditized. like coffee makers or microwaves. The fact is, and judging by your first sentence you recognize this in some capacity, that technology is always advancing. For the foreseeable future it will be much easier to push the envelope in software because the costs associated with hardware don't really exist in the same way that they do when you're just building hardware. It costs less to stick X no. of smart programmers in a cubicle farm and tell them to make RTX than it does to stick X no. of smart electrical/computer engineers in a state of the art manufacturing facility and tell them to invent an RTX 2080ti.

so in other words, you don't know what you're asking for