I've said it in the ADL thread, AMD will be on 5nm next year, Zen 4 late 2022 i think, significantly improved IPC, they have the option of 24 or even 32 cores, and they are all P cores.
AMD don't even need to try to beat Raptor Lake, they will beat Alder Lake with Zen 3D, AMD have a nuclear option for Zen 4 now that Intel have signalled how aggressive they want to play it, AMD are the ones with by far the biggest nuclear arsenal and if they decide they are just going to push the button with Zen 4 they will bury Intel.
I don't usually make predictions, but Alder Lake seems to be the absolute peak of what Intel can bring with the current microarchitecture family. Perf/W is the highest level imaginable, and these chips are also huge. AMD on the other hand have big headrooms to improve things. So if I had to bet about the state of things in the next few years, it will be on AMD pushing ahead much faster than Intel.