Are you suggesting that Intel 'just' release a GPU at the same price point as an M4 Max SOC? And that there would be a large market for it if they did so? Seems like an extremely niche product that would be demanding to manufacture. The M4 Max makes sense because it's a complete system they can sell to Apple's price-insensitive audience, Intel doesn't have a captive market like that to sell bespoke LLM accelerator cards to yet.
If this hypothetical 128GB LLM accelerator was also a capable GPU that would be more interesting but Intel hasn't proven an ability to execute on that level yet.