No - AMD was called upon to help intel secure the 8086 deal with IBM for the original PC. They were vital to intel's success.
Then a few years down the line AMD started making better and cheaper chips than intel, like the Am386DX40. So intel tried to kill them off, forgetting what AMD has done for them. Well it backfired and now anyone can make x86.
So since the start intel had no desire to improve x86 - in fact they tried to kill it with IA-64 and that failed bigtime. The industry standard for 64bit now is the AMD made x64 which intel also copied.
No offence Arthur, but for once I agree with Rouxenator.
Having said that though, just buy whichever CPUs work best for you. Fast CPUs are less important these days. What matters more is RAM and graphics capability.
I mean AMD is clearly dominating in terms of laptop performance now with the monster ATI chips going into those things (you can run Crysis on the HD3200, granted not well, but it starts!). Intel's graphics chipsets are really hurting them. In that case buy an AMD laptop because they are a better deal at this point.
There is also no denying that the fastest Intel chips are faster than the fastest AMD chips. Then again AMD chips are not nearly as expensive as Intel chips, motherboards for AMD chips are cheaper then Intel boards and ATI graphics cards are cheaper than Nvidia cards (this is assuming you want to run crossfire or SLi, if you don't then this is not a factor). Therefore Intel desktop systems are generally going to be faster and will run cooler, but will be very expensive, while AMD desktop systems will generally be slower than Intel systems, I still think you get more performance for your rand with AMD.
This is of course just my opinion, I will buy a CPU based on my needs and the price : performance ratio of the system.
Having said all of that though I don't like Intel as a company as I honestly believe that they are not as innovative as AMD and their way of doing business is akin to Microsoft's. This would still not stop me buying an Intel system if it were the best fit, and the best deal, for my needs though.