If AMD gets the performance crown, they'll have a serious advantage over Intel on Client due to a simpler design and cheaper cost structure. If they can ramp up at high volume, Intel might have a lot of troubles.
On DT, even if AMD prices their products higher, it will have a much cheaper platform as Intel ARL will require a platform rebuilt (New SoC + New Mobo + New Memory), thus becoming much more expensive than AMD Z5 SoCs which are coming to the established AM5.
On Mobile, Intel designs are expensive due to multiple tiles and require extensive validation and packaging, thus being slow to ramp and with tons of cost adder. Lunar Lake simplified this, but it's something aimed at premium low voltage (Despite the push towards 30W) and still has it's own cost adders (MOP and N3B). AMD Monolithic approach is simpler and faster to ramp, while also being cheaper to manufacture and allowing AMD to cover from high-End (Strix P) to mainstream (Kraken 1/2) and Chromebook (SNV).
If AMD plays their cards well, they can make a huge dent at Intel on client. Intel will still be fine due to size and market reach. But on a much more precarious position. It will be interesting to see the state of the market in 1 year.