The i7-1165G7 is within 20% on single core performance of the M1. The Ryzen 4800U is within 20% on multi-core performance. Both are sustained ~25W parts similar to the M1. If you turned x64 SMT/AVX2 off, normalized for cores (Intel/AMD 4/8 vs Apple 4+4), on-die cache (Intel/AMD 12M L2+L3 vs Apple 32MB L2+L3) and frequency (Apple 3.2 vs AMD/Intel 4.2/4.7), you'd likely get very close results on 5nm or 7nm-equivalent same process. Zen 3 2666 vs 3200 RAM alone is about a 10% difference. The M1 is 4266 RAM IIRC.
TBH, Laptop/Desktop level performance is indeed very nice to see out of ARM, after a few years of false starts by a few startups and Qualcomm. Apple designed a wider core they deserve credit for, but wider cores have been a definitive trend starting with the Pentium M vs Pentium 4. There is a trade-off here for die area IMO, AMD/Intel have AVX2 and even AVX512 and SMT on each core, and narrower cores (with smaller structures, higher frequency). Apple has wider cores (larger structures, less frequency, higher IPC). It's not that simple, but it kind of is if you squint a bit.
TBH, Laptop/Desktop level performance is indeed very nice to see out of ARM, after a few years of false starts by a few startups and Qualcomm. Apple designed a wider core they deserve credit for, but wider cores have been a definitive trend starting with the Pentium M vs Pentium 4. There is a trade-off here for die area IMO, AMD/Intel have AVX2 and even AVX512 and SMT on each core, and narrower cores (with smaller structures, higher frequency). Apple has wider cores (larger structures, less frequency, higher IPC). It's not that simple, but it kind of is if you squint a bit.