I'm expecting them to focus mostly on enterprise, servers, computing, AI, that kind of stuff, so I'm expecting a professional GPU. I expect it to be a rather large GPU, in terms of performance it has to be really good at computer, which is different from gaming and I believe they can be competitive. These professional GPU's go for around $5000, so at $3500 and $5000 or whatever they can have good margins even with their crappy 10nm process. Or maybe they'll release them on 14nm, who knows, either way in that segment I expect them to make money on their GPU's.
In terms of gaming GPU's I'm not expecting too much. Probably compete up to around mid range. I think the fact that they are sort of stuck on 14nm is going to hurt them, as AMD is right now on 7nm, next year Nvidia will be on 7nm too, by 2020 AMD will be on either 7nm+ or even TSMC's new 6nm, which might be the original 7nm+, they might have shrunk it by 1mm.
So yeah, I don't expect them to be super competitive, probably compete up to the mid range, mostly focus on professional GPU's.