The market seems to think this is great news. I disagree strongly here, but I can see why traders and potentially the board thought this was the right move.
A lot of hate for Pat Gelsinger on Reddit and YouTube from armchair experts who don't really grasp the situation Intel were in or what was needed to turn the ship around, so if he was pushed it seems like it might be to pacify the (not particularly informed) YouTube/gamer community and bump the share price. That's all speculation, though.
I'd be interested to see who Intel intends to get to run the company in his place, as that would signal which audience they're trying to keep happy here (if any).
A lot of hate for Pat Gelsinger on Reddit and YouTube from armchair experts who don't really grasp the situation Intel were in or what was needed to turn the ship around, so if he was pushed it seems like it might be to pacify the (not particularly informed) YouTube/gamer community and bump the share price. That's all speculation, though.
I'd be interested to see who Intel intends to get to run the company in his place, as that would signal which audience they're trying to keep happy here (if any).