The fact that Intel has an order of magnitude bigger R&D budget than AMD but still losing on many key metrics means that Intel is either doing a really bad job or AMD is full of geniuses. Nobody is saying that Intel does nothing, but they could have done so much more if they managed it better.
You have to take into account that Intel is having problems getting their next-gen architecture out the door.... who knows what it will bring good or bad... heck maybe even some of the delay is "oh crap Zen even beats our next-gen". Perahps Intels next-gen is just vaporware and they really have been sitting around raking in the $$$ b/c they could.
I'm really not trying to defend Intel (I understand that it may come across that way), just how we look at the situation. Indeed you could be spot on, just that the situation at Intel is likely multi-faceted.
