On Fedora Workstation 40, Steam client version 1721173382 (seems to be latest since I checked for updates), haven't opted into the beta, have checked for system updates, and running AMD (780M integrated graphics) as well. Facing the same issue.
Here's my logs as well:
logs.zip
Nothing extracted yet.
Your system information
I don't have an answer for why this happens, it just does.
Steam usually recovers itself after 20 seconds, but it is really bothersome having to wait for steam to recover.
I said 'spam' but sometimes it does happen with a single click.
video demonstrating the issue: https://files.catbox.moe/h98l9x.mp4
Steps for reproducing this issue: