X86 is a shrinking market and AMD are more competitive. ARM is growing. Intel don't seem to have much else to fall back on. Their AI chip is junk and they aren't making any GPU inroads. 5G was a failure. Anything I'm missing? What will they do to turn it around?
Intel can afford to take a lot of hits if there are minor hiccups in the market, and survive and overcome. After all, IBM, AT&T etc are still alive after all the setbacks.