Specifically the Gigabit PHY in the hAP ax2 diagram doesn't say "switch" at all.
That's because the Gigabit PHY chip (QCA8075)
is just that, a gigabit PHY chip. It doesn't implement switch functionality. It only handles the Ethernet physical layer stuff. Think auto mdix, link speed negotiation, etc. It then just passes relatively raw data along to the SoC (IPQ chip) and passes the data from it along to an ethernet port of SoCs choice.
The switching happens on the SoC. There seems to be some special circuitry inside the SoC for hardware switching between the five Ethernet ports. I can't tell you what standards the switch inside the SoC supports and how good it actually is without a datasheet (and Qualcomm is a b*tch about datasheets, so no datasheet for me, yay). And MikroTik documentation seems to be kinda vague on how well-supported the IPQ switch is in RouterOS. There are bridging test results on
ax2's product page, though, if you want them. Spoiler alert: they're pretty good.