AMD is reaping the reward of pragmatism, their best gaming CPU skus often have 8 full cores with a large cache for desktops plugged into a wall outlet.
Intel has been chasing higher and higher core counts which look good on spec sheets and dazzle in rarely utilized workloads, but said core counts do nothing to run the apps and games that most people actually use. I think getting dumped by Apple broke them, they're competing with Apple on paper and AMD is eating their lunch in reality.
They also have baffling policy of just introducing a feature and then snuffing people not paying enough from using it. "Oh for that you need more expensive model" "Oh yeah ? fuck you I'm buying AMD"
First it was virtualization instructions, then AVX stuff
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Intel never took GPUs seriously either. I'm positive they're kicking themselves that the AI revolution runs on products they are not competitive with.
They also stopped making 3D XPoint a year before AI would have bought all of it.