Lisa Su has been playing the long game ever since she took charge. It doesn't matter how much power Intel pump through their out of date node processes, or how many little cores they tack onto the sides. AMD is doing its own thing with innovative jumps in technology and products that sell and can bolster the finances for more AMD R&D into new products. Who knows what the Xillix acquisition or RDNA 3/4 (as it ramps up alongside the CPU business) will bring?
It doesn't matter what Intel bring, it doesn't even matter if they regain some benchmarks here and there for a quarter or two, they are playing catchup with a resurgent AMD that is ahead on the technology to solve the problems incumbent in today's CPU space.
You've only got to look at what's going on in the lucrative server/machine learning space, what AMD offers (in the form of EPYC) against Intel's offering. AMD is crushing it, and Intel is far back and will take at least a few years to catch up, if they can catch up at all.