If all you want to do is read the market clickbait Intel is doomed, just like every other company that has a bad quarter. What people don't understand is that Intel is an engineering company inventing tech that doesn't come to market for years that has one hell of a war chest. Dollars put in today do not bear immediate profits. A large part of Intel's current balance sheet "losses" are actually internal reinvestments. Prior to Gelsinger (Which happens to be a former Intel engineer with serious street credit) Intel had been so focused on keeping Wall Street happy that while their balance sheets looked ok they weren't maintaining. The 14nm nightmare more than likely came to pass because someone over at Intel decided that EUV was too expensive. TSMC on the other hand has been using EUV since 2019.
Even with this all being said Intel's full year revenue was down by 20% yoy to $63.1 billion which was just reported. AMDs 12 month revenue (reported September 30, 2020) was up 53.7% to $22.828 billion. So understand that by shear scale of gross sales AMD is only about 36% of what Intel is. Intel spent $24.5 billion on R&D/MG&A in 2022 which is more than AMDs entire gross revenue. Intel has about $22 billion cash on hand while AMD has about $5.5 billion. The crazy part is that even with all of that R&D/MG&A charge Intel still had positive cash flow and netted $8 billion dollars while AMD only netted $2.273B.
Now lets look at todays market Cap. Intel today is at ~$116 billion while AMD sits at ~$121 billion. And this folks is what is wrong with the stock market. This is classic Tesla level speculation where the market cap is not even close to a reflection of what the actual business is doing.