If Apple were to present a new Pro XDR display with Thunderbolt 5. As it now has products that support that. Would AMD cards include Thunderbolt 5? And would the Mac Pro 7,1 be able to support that?
No support without some substantive kludges. There is no x4 PCI-e v4 on the 7,1 and pragmatically it is a required input to a discrete TBv5 chipset solution. The 7,1 launched with a PCI-e backhaul that wasn't positioned to 'last ten years'. There is two x4 PCI-e v3 feeds via MPX but that pragmatically isn't a single x8 PCI-e v3 . They could kludge a x4 v4 with a x8 v3 , but need to 'steal' that from another slot (which is another dangling internal cable. Apple is highly unlikely to do that).
It is kind of quirky because DisplayPort 2.x is using some of the foundational transport mechanism of Thundert, just different protocols layered on top and all high speed data outbound. The 'easier' workaround if Apple wanted to bother is to just have the XDR take Display 2.x as an input (and let some other parts drift).
The larger kludge solution would be a standard AMD gpu ( no MPX connector) and some Thunderbolt adapter card that soaked up the x8 slot ( and uplift switch to generate some x4 PCI-e v4 provisioning) and loop back DPv2 cable from card to card. Apple wouldn't do it, but maybe some third party would if had some basic driver support.
( these 'Frankenstein' TB with external loopback solution never had deep, significant traction on the general PC market. Even less likely to work on the Apple subset. )
If not, there will be no reason why Apple would bother offering a new generation AMD cards. At least as far as I can guess.
The T2 and the Intel CPU are also huge factors as to why no huge effort here. Myopically just looking at the GPU misses the forest for a tree. macOS on Intel is getting 'caretaker' work put in.
The final huge missing piece here is the 'attachment' rate of XDRs onto Mac Pro 7,1. It very likely is not all that huge. More than likely driver work on a AMD GPU update would attached to non Apple monitors far more so than Apple ones. There is no huge XDR synergy here. Next gen XDR will most likely be sold paired up to M-series Macs. The XDR generating AMD sales is a 'tail wags dog' story
By the way. Has Apple ever offered new hardware for machines it no longer sells?
That was another side effect of MPX on 2019. Those cards would not fit in obsolete 2012 models.
There occasionally used to be some stuff that 'happened to work' , but certified from Apple ... no .