Additionally, when you look at the dynamic range capabilities of stereo source material (which is predominantly recorded at 24 bits) and the emergence of streaming high resolution two channel audio as well as Atmos surround sound, using an amplifier that can keep up with the dynamic range is increasingly beneficial.While this is certainly true, it has nothing to do with a properly functioning amplifier. Usually it has more to do with making sure that the speakers used with the amp are such that when the dynamic range of the music is expressed, you hear everything without distortion, even if its at lifelike levels.
As an example, in 1959 RCA released the Soria series recordings. Dorle Soria came from Angel to work with RCA and produced upscale recordings and packaging. One such recording is the Verdi Requiem, which is recorded without any compression. The second cut on side one has dynamic range that can bring many systems to their respective knees. But if you have enough power and you have easy to drive speakers its no problem!