size of investments is not all

AMD's Sweet-Spot Strategy: Desperation or Stroke of Genius?

to sad you are long on Nvidia ;o(
I. as some said AMD is already producing in 55 nano when Nvidia is on 65. AMD has already some tests and designs going on on 32nm and 22nm (IBM Agreements)!
II. AMD next graphic may use 45nm already in prod with Shangai(monolithic quad core!) and yes they have learned the lesson from Intel, its better to gain sooner market share with 2 dual core in one pakage than a mono quad!
III. soft nvidia has not offered dirext X10.1 when AMD and even S3 does! and some games are already taking advantage of it ! + other free software like the one for very complex calculus
IV.Intel will propose newer graphic chips this implies less room for Nvidia
V. Even if today some AMD platform use Nvidia Graphics all the new AMD platforms are offered with Chipset and ATI graphics
VI Nvidia has not yet the capability to integrate X86 and Graphics, that AMD has and may propose soon

AMD Sheds Fabs to Keep Up with Intel

It is inapropriate to compare Intel and AMD investments.

AMD has always been at around a tenth of Intel and with this small amount of investment they were able to create many better product Athlons, Opterons, ...!

Do not forget also that Intel has to support alone the leading edge of the research and that costs a lot of money!

On the other end AMD has R&D partnership on processes with the major IC manufaturers in the world IBM, TOSHIBA, STM,... and they all share the investment on the new stuff.which in return cost them less.

the fab funding not being an issue now for AMD the succes of one over the other will be creativity and marketing ( for the users benefit!)!