If there was ever a true multi-threaded application AMD would take the prize. As such Intel dominates because of single threaded applications.
There are embarrassingly well-threaded applications where AMD does well. The x264 encoder does a fantastic job and hammers all 8 of the cores in my FX-8320 at >90% utilization, and it was cheerfully faster at that than the i5 3570K I used to keep around. But IPC does ultimately win out, and Haswell's AVX2 support is sufficient to let an i5 4690K generally pull out ahead of my FX. That's especially true on interlaced media, where the deinterlacer's essentially single-threaded and the rest of the chip's basically waiting for that single core to finish before tackling the rest of the workload. For most other uses it's somewhere around a Nehalem quad core: certainly fast enough for what I do, but the overall performance outside of niche applications isn't impressive in absolute terms. At least it took to undervolting well, and it's a friggin' behemoth for virtualization.
I never cheated an honest man, only rascals. They wanted something for nothing. I gave them nothing for something. -- Joseph "Yellow Kid" Weil