At LKMC v3.0 it was working after it was fixed in gem5 previously:
./run -aA -eg -b baremetal/hello.c --wait-gdb
./run-gdb -aA -eg -b baremetal/hello.c main
but later at LKMC 9f8303e it wasn't anymore:
./run -aA -eg -b baremetal/hello.c --gdb
Edit: bisected down to gem5 c4cc3145cd1eeed236b5cd3f7b2424bc0761878e SVE merge.