Before I go into what I think all this means for the company (and the stock), I first want it known that I'm certainly not rooting against Intel. On the contrary; Intel is responsible for advancing much of the computing technology we take for granted every day, and I believe the world really needs this company to succeed.

However, the fact is that times have changed, and the competitive landscape is very different than it was a decade ago. Intel axing its Arc GPUs might not be happy news for gaming enthusiasts, but it could actually be a really good thing for Intel's long-term health -- as well as the health of the tech industry at large. Let me explain.$Intel(INTC)$