Stock price alone doesn't tell the full story. Pat Gelsinger was brought in to fix long-term structural issues at Intel - things like rebuilding its foundry competitiveness and securing leading-edge node capabilities. These aren't quick fixes and takes years to pay off. Yes, the TSMC discount issue hurt, but that also speaks to broader industry tensions and strategic missteps that predates Gelsinger. Letting him go before the turnaround had a chance to work seems shortsighted.