Fedora 43 suspend not working

I have a problem with my PC running Fedora 43. When I use suspend (automatic or manual) I am not able to wake up the system. I need to press the power button and the system boots up normally. All open windows are gone and uptime is reset.

My system has following specs:
AMD Ryzen 5 7600
Radeon RX 7600
KIOXIA EXCERIA G2 SSD

In the logs I see for journalctl -b -1 following:
Apr 05 20:44:34 Jans-PC systemd[1]: Reached target sleep.target - Sleep.
Apr 05 20:44:34 Jans-PC systemd[1]: Starting systemd-suspend.service - System Suspend…
Apr 05 20:44:34 Jans-PC systemd[1]: user@1000.service: Unit now frozen-by-parent.
Apr 05 20:44:34 Jans-PC systemd[1]: session-2.scope: Unit now frozen-by-parent.
Apr 05 20:44:34 Jans-PC systemd[1]: user.slice: Unit now frozen.
Apr 05 20:44:34 Jans-PC systemd[1]: user-1000.slice: Unit now frozen-by-parent.
Apr 05 20:44:34 Jans-PC systemd-sleep[34853]: Successfully froze unit ‘user.slice’.
Apr 05 20:44:34 Jans-PC systemd-sleep[34853]: Performing sleep operation ‘suspend’…
Apr 05 20:44:34 Jans-PC kernel: PM: suspend entry (deep)