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This sounds like sell the whole company type of cuts.

What else could be the trajectory of Intel, when the CEO has admitted defeat in the current investment environment?

> Intel CEO says it's "too late" for them to catch up with AI

Last stage of grief is acceptance. I think the only way left is up.

Well, yeah. It's the Elop and Nokia situation all over again. Remember the "burning platform" memo?

Intel actually made a decent video card that sells above MSRP: Battlemage. They can easily advance it into more powerful GPUs.

Gelsinger understood that. The current MBA empty suit doesn't.

Gelsinger was apparently Intel's last hope to avoid being sold off in pieces.