I can't help but wonder if the enterprise compute strategy was derailed by shareholders wanting maximum return and the rapid rise of AI volume. HPC should have rather reliable returns and margins though certainly not high volume. AMD's APU strategy seems like an extremely good one for the classic HPC space, but Intel punted on theirs around a year after announcing it. That's when the split strategy of seemingly going all in on Gaudi while developing next generation enterprise GPU compute happened.
Of course with Aurora just now being announced with full availability perhaps underlying issues were discovered. Given the problems they had with the Alchemist design this is also rather believable.