Intel missed key markets like smartphones and AI, leading to its decline. A potential Qualcomm-Intel merger would be challenging and may not boost their AI presence. Investing in Intel is risky, with the company needing major changes to avoid further trouble.

A reported Qualcomm proposal to take over Intel was cheered by investors, but analysts question the practicality of such a deal given Intel's debt and Qualcomm's weak cash position.

Doubts about the Qualcomm-Intel deal stem from uncertainty over how Intel's manufacturing fits into Qualcomm's design focus.