Jamok,

Intel's stock price has done exceedingly well considering all the challenges it has faced.  Its management deserves all the credit for steering it well.  These challenges will continue, IMO.  Hard not to see it happening.

It was just a matter of time before AMD would begin to nibble at the high margin areas, namely the Data Center Server/Cloud market. BTW, the article mentions AMD’s recent wins, impressive list. ARM will eventually crack the Cloud market.  Google is working on its own AI chips, which they claim have an architecture which will make them better suited for AI.  I don't follow all of it as I used to, but I see challenges persisting for Intel.  That said, with the stock price as high as it is, it’s obvious that this market does not think it matters, until it does :-)