The success Intel had in the 90's was phenomenal and largely attributed to a huge economic moat, intel benefited from a great product with any serious competition hard to come buy, ramp time to become competitive not feasible to try. So success and lots of stock splits. AMD was the only competitor, never a bad company just smaller but it did compete - imagine the price of a PC for the end consumer without AMD's presence. Through misstep after misstep, Intel failed to stay at the top of the market and now is just another mediocre competitor in the production of chips. It possible that the company can improve and move forward , but the competition is coming at it for all of the various markets. In the 3 to 4 year timeframe improvement chances seem slight.
Given the recent continued failures its much more likely that its current downward spiral will continue. There is no CEO, continued delays to 10 and 7 NM production, excuse making, the addition of 'Fellows and VP's, the moral within the company is at an all time low, all of the significant leaders have fled, others were pushed out, the only strategy is forced fear to the rank and file (perform or your marked as failure w SS4), so result is a Focal process that is entirely broken.