Hate to break it to the haters and there are many in recent years with AMD's resurgence, but Intel isn't going anywhere. Why you may ask. Just like how General Motors was deemed too big to fail, Intel is as well. The US won't be left without the ability to make tanks and electronics. They're national security infrastructure. For Intel to fail completely, we may as well cut our own throats. We don't lose our lives if AMD and Nvidia fail, some people lose money in the market.
AMD and Nvidia are both very overvalued, because when the bombs start dropping, the reality that they're paper mills will be made clear. How does Nvidia defend the USA? Their IP can be given to Intel immediately for defensive purposes. They have pieces of paper they can present to you, and a marketing department. That's it.
Intel can actually BUILD things. Same with GM. Anyone can design a chip ultimately, and that part is increasingly done by AI. Fab commoditization is only possible with a healthy free and international market, which is a state of affairs that is increasingly disappearing. The reduction of globalization can become the end of globalization very quickly.
My money is always on companies that provide real products, rather than design and then outsourcing the product. Damn any numbers you have. This is not a normal market, and these are not normal times. I'd bet my life right now that the US government doesn't allow Intel to fail. We can't. Not to mention they don't even need to be on the most cutting edge node in the world to be relevant. Design costs for a 2nm chip is 725 million US dollars. 28nm or so is the sweet spot and everything below 10nm is exponentially expensive. I'm glad there's pressure on Intel to be competitive, that's healthy, we don't want to have to support underperforming state entities as they do in Russia and similar states. But if we had to, we would because we'll be attacked otherwise.