I agree. Building is very important, and being able to adapt is too. I remember back in the day of the rivalry between AMD and Nvidia in the gaming GPU scene. They were pretty neck and neck. Nvidia pulled ahead when its GPUs were being used for crypto mining. Being able to identify what the market wants and putting out a product for that is very crucial in a company's success.
I really have no idea what AMD is doing in that space. The one who fell from grace was Intel. I am not sure if they can get back in the game.
Intel was pretty much a non factor in the GPU scene. Their CPU was pretty good though. But maybe they rested too much on their laurels.