Intel CEO Steps Down Amid AI Market Challenges

Intel's CEO Pat Gelsinger has retired as the company struggles to compete in the AI chip market, losing ground to Nvidia, whose GPUs are better suited for AI processing. Under Gelsinger's leadership since 2021, Intel's shares have dropped 61%, while Nvidia's have surged over 820%. Despite efforts to restructure and government support through the CHIPS Act, Intel's market cap remains significantly smaller than Nvidia's, highlighting its challenges in adapting to the AI revolution.