Be hard to bankrupt AMD when their CPUs make them tons of money.
And for the time being, AMD offers the best CPU-iGPU combination. Intel is still lagging behind on GPU tech and NVidia has no x86 CPU – even though the most important patents expire in two years, I don’t think NVidia will make an x86 CPU without the more modern extensions that are still patented.
Best cpu+igpu yes, but not only that. In the server realm they’re doing incredibly well. EPYC remains unmatched by anything Intel has.
ARM has a future in servers too, but for a lot of companies it isn’t there yet (personally, I hope it never is and they go to RISC-V instead but yeah).