No, it wouldn't have.
Without AMD rescuing x86, PowerPC wouldn't have died. MIPS wouldn't have died, and faces with the need to brake the 4Gn barrier on consumer equipment microsoft would have had windows running on three or four competing architectures until 2013 when everything would have switched to ARM.
Itanium would have already been a rotting corpse.
AMD rescued Intel from its own management.
Sure it would, Windows XP 64 bits was alreary on Itanium, and NT versions for PowerPC and MIPS were already dead by then.