If by architecture you mean ISA, it doesn't mater as much as it used to. Back in the day the decode logic took up a ton of space on the die (like half the die). Thus RISC was thought up to shrink the decode logic. Today it does not represent much space on the die compared to what caches eat up.
That said, in the end RISC kind of won. I've heard if you work at intel and peel back the X86 magic, under the hood of the CISC ISA they basically have a system to that runs on RISC microcode.
After working in industry for a while and having done a bunch of low level kernel programming on X86, ARM and PPC I can give you my theory about what will happen.
As I've alluded to ISA does not mater. Intel's advantage is that they are way further ahead in cache design, branch prediction, out order execution (oh wait, kind of, lol meltdown) and just overall optimization of the pipeline. Thus the raw clock speed and IPC of x86. This is not that strongly tied to the ISA.
IMO, where intel and X86 is going to get burned, and ultimately loose the market slowly over the long run is that when you buy intel you have to buy all of their peripherals (some very out of date).
For example, if you want to make an amazing cellphone SOC that uses your very well designed peripherals on a single package, you can't do it with X86. Intel won't licence the core and/or PCH to you. So at a bear minimum you need to get an intel SOC and connect your chip over the PCB. This makes your design more expensive and makes it harder to pack more stuff in a small phone PCB.
However, you can go to ARM, licence an ARM core, DDR controller, cache controller, .ect or what ever combo you need, and attach your novel peripheral. It won't be as fast as intel, but it will be cheaper to make, and use less power.
Thus as ARM slowly grows in market share they will throw more resources at closing the gap with Intel. I bet within a decade or two ARM will catch up.
And then there's that RISC-V wildcard...
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