Intel's Leadership Shakeup Sparks Concerns Over Future

Intel CEO Pat Gelsinger's removal has raised concerns about the company's turnaround strategy, as Intel's shares initially rose but then fell following the news. Under Gelsinger, Intel struggled to compete in the AI-driven chipmaking market, losing ground to rivals like Nvidia and TSMC. The company's focus on contract manufacturing hurt cash flow, and it missed opportunities in AI investments, leading to a significant drop in revenue and market capitalization.