Not funny, really - not for the long term health of the company. Lolz all around would be getting 4.4 GHz OC from the second tier bin for $600. And I'm being serious.
You would be on the same page if you want a competitive Zen+, Zen++, etc. Now if Intel drops pricing eventually, then everything changes. I don't see Intel dropping prices significantly in the short run - these are high margin parts for Intel (and that's the only reason they exist).
AMD goes aggressive, gains huge market share. Software gets optimized for their hardware. People spread the word how AMD offers stuff just as good if not better for much cheaper. AMD gets cash for R&D. All those things would feed off of each other.
If you think that is crazy, then I would point out the console situation. AMD got some cash, software was optimized for their chips. That secured more investment. They are not making huge profits on consoles, but it's worth it.
If they can gain market share while making a profit, then long run they are better off than a pop in cash. Remember, they have a stock price that can bring in cash. Becoming relevant in the market is better in the long run.
Also, AMD has something Intel does not. AMD with an efficient CPU makes their APUs far more interesting for laptops such as the surface and Mac book. If AMD matches Intel on CPU then that is big.