I also saw the problem appearing on my AMD Ryzen 5800U based notebook. Good to hear I’m not the only one.
After downgrading sudo dnf downgrade "alsa*", I have working audio again.
Thinkpad T14 AMD with R5 4650U here, had the same issue appear today, and this fixed it for me. Thanks!
That fixed it for my Thinkpad P14s Gen1 (AMD PRO 4750U) too, thank you!
The fix has been pushed to stable now, your issue should be resolved by sudo dnf upgrade --refresh
Downgrading was just a short term hack before the fix was released
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Just tested on my laptop and it does indeed appeared to be fixed now. Thank you