In my point of view AMD is going down not because nVidia, but because of ARM and Qualcomm. AMD Ryzen x64 cash cow is going to start declining soon both in the server and consumer space.
I saw this clear as day when M1 Macbooks came out and Amazon AWS Graviton servers becoming more popular and cheaper. It was inevitable that the PC world was going to move to ARM soon, in fact I am surprised that it took this long to get viable ARM PC laptops (only this year).
So unless AMD has some secret ARM or RISC-V research division close to launch a product I don't see how it is going to survive long term.
I saw this clear as day when M1 Macbooks came out and Amazon AWS Graviton servers becoming more popular and cheaper. It was inevitable that the PC world was going to move to ARM soon, in fact I am surprised that it took this long to get viable ARM PC laptops (only this year).
So unless AMD has some secret ARM or RISC-V research division close to launch a product I don't see how it is going to survive long term.