You have a 750W which is more than enough. It might just be that graphics card you brought.
Official power rating means nothing - it's a matter of whether or not the PSU is a high quality unit or not. If it's not, then the fact that the RX 5700 consumes a little more power than the GTX 970 could push it over the edge.
Sorry, I forgot: Itek Desert 750W
I would suspect that PSU is questionable. I can't say I've ever come across that brand/model. A photo of the power specifications label MIGHT be helpful. If you can get a known good PSU to borrow and test on your system, that might help.
However, I would ask as well: Which version of the Radeon Adrenaline drivers are you using?
Also, when I did the installation of the RX 5700 on my son's system, I did the following:
- Download Adrenaline version 20.2.2 drivers (that's the latest WHQL version the last time I checked)
- Download latest DDU (Display Driver Uninstaller)
- Reboot PC in Safe Mode
- Run DDU, choosing "uninstall drivers and shut down"
- Removed old card (RX 580)
- Installed new card (RX 5700)
- Boot up
- Install Adrenaline drivers
If that's not how you did it, then you should try those steps, except that in step 4, you might have to do the following:
- Run DDU and choose "uninstall only" and tell it specifically to remove the Nvidia drivers (that may be left over from your GTX 970 install)
- Run DDU again and choose "uninstall and reboot" and tell it specifically to remove the AMD drivers
That SHOULD do the trick, and allows us to eliminate the possibility of residual driver information from the previous Nvidia install. However, if the symptoms persist, then I'd be more inclined to believe that the PSU is questionable.
How old is the PSU? A very hasty search seems to show that it's inexpensive, which makes me suspect that it's not a high quality unit.
The first link in my sig offers a guide to good vs bad PSUs.