Basic point seems sound, analysis slightly off.

> Interestingly, Intel still reached new highs for a decade after missing mobile before it all collapsed

That's because their problems weren't due to missing mobile but rather taking too much risk on a fab tech transition that they then fumbled. This put them permanently behind and they were unable to catch up.

> Amazon’s AWS is predicated on the idea of commoditized infrastructure at scale where price is the priority

Since when does AWS compete on price? AWS is predicated on the idea of many proprietary services running on commodity hardware, and charging high prices for the privilege of not spending time on sysadmin work.