It has an 8 core, 16 threads CPU and a gaming GPU of course it is a gaming PC. It is neither modern nor going with the current standards but DDR5 and what comes with it is super overpriced and not worth it. So I would say you are absolutely fine and still in the current consumer generation. Sure you could beef up your CPU if your motherboard allows for it and graphics cards updates are always worth it but do not overdo it as it is also not worth it. Maybe wait for the current DDR5 generation to settle with a second or third smaller generation of hardware. That could be a good time to upgrade or rather just invest into a fully new PC.