No disagreement that Intel has been selling pretty much at cost in order to keep the fab utilization up and minimize market share loss. But keep in mind that such is in large part a result of their products up until SRF still being on the Intel 7 node. Even if Intel sells a 64 core Emerald Rapids at the same price as a 64 core Genoa that's 2x750mm^2 dies versus 8x72mm^2 compute + 400mm^2 IO. The massive die size on Intel's side is financially viable if it could be sold around the $10k suggested retail price, but that's where the 128C Bergamo and 96C Genoa reside. So instead Intel's flagship has to sell closer to the next tier down around the $5k mark. (Note that these are by no means accurate absolute numbers, but should be reasonably close in relation to one another.)Intel servers has been hanging on traditional enterprise sales where they are undercutting on price to the point where they don’t make any money. AMD is over 50% in cloud and enterprise is finally starting to open up too. The next releases from Intel will certainly help them but I’m not sure it will be enough to stop AMD from taking market share.
One question though is what's the source on AMD being over 50% in cloud?