AMD and Intel make gasoline cars. Their tech is outdated. I am honestly surprised that they have their current market cap. it should be much lower for both.
At the high end, Apple isn't in this market. ARM designs don't really compete well (yet). Graviton3 is great value but it does not unseat EPYC or even Xeon for raw performance.
Most servers don’t need raw performance from a single chip they can do their workloads by horizontally scaling.
Are you referrinng to their silicon processes, or their IP?
AMD doesn't even have a process do they? So it's presumably about x86_64 and associated IP.