Intel Shares Tumble Amid New CEO's Cost-Cutting Strategy

Intel, a company that makes computer chips, is making some big changes.

The new boss is trying to save money and not spend so much on building new factories, which made investors nervous.

The company is also cutting costs and trying to figure out how to be competitive again.

Although they made some money last quarter, they also had losses and worry they might not keep up with other chip makers, which led to a drop in the company's stock price.