Intel being late to the game will have to keep playing bridesmaid IMO. I classify them as the Nokia of AI, once a behemoth but did not anticipate the next trend which allowed Nvidia and AMD to take the lead. They have to decide which way to go- They cannot fight two battlefronts and they tried to take on TSM with foundries. However looking at their actions, I believe they have conceded the lead on both fronts and are just trying to survive hence inking partnerships with Nvidia etc.