Possibly, but it seems like AMD is much more concerned than Intel on selling chips at a profit.
I question the value of a 48 core chip for anything other than HPC ... and here AMD has threadripper... Most certain to best 48 non SMT cores lacking AVX512.
In the past it was AMD that got out over its skis a bit with the "more cores" approach. Intel remained dominant with single thread advantage.
Seems like all these years later, history my be repeating itself in reverse 😁
Panther Lake does look compelling in laptop though.
I think both AMD and Intel are very concerned with selling chips at a profit but AMD currently, for a variety of reason, is better at it.
As to your second point regarding HPC, there is a big price difference between low end HPC and high end enthusiast. I would probably pay $800 for a 32 core Zen 5 part, but I am not paying $2,200 for a 32 core Threadripper on Zen 4. Plus you must consider the added cost of motherboard and ECC memory and lack.
Do I need HPC power? No. Do I and other enthusiasts want it? Yes and we are always wanting more from AMD and Intel at the top of the stack. They of course have to "protect" their HPC parts, while trying to hold onto the enthusiasts and the "glamor" that having the fastest part offers the brand.
Now back to reality. 90% of the time I'm browsing the web, on YouTube, working in Office, CorelDraw, or PS. Any low to midrange current CPU can handle those tasks adequately. It's the 5 or 10% of the time when I am encoding a video, previewing the timeline in my NLE, or batch processing RAW photos when I want more compute. It's not necessary, I can get my work done without it but it makes work like this more efficient and more fun.
Unfortunately for Intel at the moment game performance drives the high end of processors more than any other application for non HPC buyers. Even though only 8 cores are really necessary for gaming, those core types are the ones in the higher core count processors, which in turn makes those processors more performant. My point is that gaming performance is and has been driving desktop performance and all of the other benefits of processors that game will are somewhat of a "side benefit" of good gaming cores.
I've written myself a bit OT here thinking about your post, which is a good one. This discussion brings a good point to light.
What factors determine how much performance AMD or Intel will offer for the desktop before moving into the HPC realm?
I think the main points for consideration would be as follows.
1. How close to HPC performance can we come with our flagship desktop CPU's before we start to cut into HPC CPU sales? If Zen 6 goes 24 cores for say $650 then who is going to buy 32 cores of Zen 5 for $2200? So it's not so much how many cores CAN we offer on the desktop but how many SHOULD we offer? I realize there are other benefits for HPC beyond core count.
2. How important is it for us to have the fastest desktop processor for our brand? If we lose the crown or are permanently looked at as being "2nd best" how much is that going to hurt sales up and down the stack?