Can't play Indiana Jones @4k + Path Tracing

I have been trying to play the recent indiana jones game and realized that my gpu isn't powerful enough for 4k Path tracing(High) at once in that game, I gotta pick either one of those, else it's stuttering like hell, I'm barely getting 3-4 fps. But it works great at 1440p path tracing, or just 4k. Somehow I feel like my card is capable but is being bottlenecked by the 12GB VRAM. A lot of people do claim that it could do great with 16GB vram.

Weird thing my GPU utilisation at 4k path tracing is 98-100% but power draw is like idle 50w or so. Otherwise it does use full power.

Have anyone tried the same settings? Maybe tweaking some other graphics settings helped for them?

Also is it just the game? Or last gen GPUs are actually becoming obselete.

Here are my PC specs: 9700x 4070ti 32GB @6000mhz