You can't keep milking the old cow that can't calve.
AMD made a very good bet on Intel not sending Skylake to the butcher, and instead reacting with a lot of "*lake" updates.
Intel needed a quick patch to stop bleeding clients, but, ultimately, that decision to not to commit to a brand new architecture doomed them long term.
According to IIRC Lisa Su from AMD, they always plan with the assumption that Intel executes well. When Intel then doesn't do that, you get the current situation.
And more specifically you lose by not doing that, which is exactly what is happening to Intel and why they have such a hard time responding : by killing amd for a while but not being their own competitor, well, they forgot how to compete. Same thing that doomed the atom line and low power cpu (and why windows on arm is a thing).
You can't keep milking the old cow that can't calve.
AMD made a very good bet on Intel not sending Skylake to the butcher, and instead reacting with a lot of "*lake" updates.
Intel needed a quick patch to stop bleeding clients, but, ultimately, that decision to not to commit to a brand new architecture doomed them long term.