No, it will be something else. No way the i7 chip is the problem.
A complete OS reinstall is probably a good start. Back everything up and then re-install from a fresh OS image - it should leave all your files intact but make sure you are backed up first. Get the image from here:
https://mrmacintosh.com/macos-big-su...ly-from-apple/
(the files are actually on Apple's servers but this page has the links to them).
Then reinstall Pro Tools from a fresh download from Avid.
It's possible your hardware is faulty but if it's only Pro Tools which is causing the kernel panics it's more likely to be a driver - what have you got installed for audio interfaces etc? Those could probably be installed fresh too.
Dominic