They haven't managed to reproduce it, as far as I understand, on alderlake. From the official page of hertzbleed.
Hertzbleed Attack
www.hertzbleed.com
And yes, I know the server market is a really slow moving one, which is actually my point. By the time AMD can actually get any significant foothold, Intel has the time to have an answer ready. Doesn't mean their answer will be a good one, I'm just saying they have the time. Whether they fail or not, is up to them.
We don't know much about zen 4 right now, so going by what we already have, which is Zen 3 vs Golden Cove, the Golden Cove is faster and more efficient, while the Zen 3 due to the chiplets is way cheaper to create. I would assume, if there is one market that can afford to pay for big monolithic chips, it's the server market, so Intel will have the edge there, until of course a zen 4 epyc shows up.
That's not how I read it, I read that they've tested and reproduced it on various chips upto 11th gen core, not that they've tested on 12th gen and failed to reproduce it, that would be big news and Intel at the very least would be shouting from the rooftops so to speak. They're not so I think it's safe to assume it affects 12th gen just like everything else.
The slowness comes down to verification/trust, even if Sapphire Rapids was released today, and was both faster and more efficient than Milan/Milan-X, it would still take time to make any change because of that verification side of things. So even if we accept the argument that Golden Cove is more efficient than Zen 3 (I personally don't but I've seen the way this conversation has gone) Sapphire Rapids needs to be out in time to compete with Zen 3 EPYCs, and it's not a given that it will be, it looks more likely it will barely be out before Zen 4 EPYCs if at all.
EDIT: Actually just checked out the AMD release about Hertzbleed, interestingly they give specific models that are affected by it and missing from the list are both Desktop 5000 series Ryzen and EPYC 3rd Gen.