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Why Intel Stock May Fall After Its CEO's Removal
After a 52% stock plunge in 2024, a 6% revenue drop paired with a whopping $16.6 billion loss in the latest quarter, Intel’s board ousted CEO Pat Gelsinger
Intel’s Big Bet That Sank the Stock and Its CEO
Analysts expect a shake-up to Intel’s foundry business on the heels of Pat Gelsinger’s dramatic exit. Intel’s stock has plummeted 61% since Gelsinger took the helm in February 2021, according to Dow Jones Market Data.
Intel considers an outside CEO, taps headhunters
Intel is considering tapping an outside hire as CEO, a nearly unprecedented occurrence, as the company reels from the ouster of Pat Gelsinger.
Intel Stock Finishes Lower After Company Says CEO Has Retired
Key Takeaways Intel shares finished lower following the announcement that CEO Pat Gelsinger has retired, effective yesterday.The chipmaker announced a pair of interim co-CEOs as its search for a permanent replacement is underway.
Intel CEO is out as the company's stock sinks
The CEO of Intel is leaving the company as it struggles to reinvent itself. Why it matters: Investors fear Intel is falling behind in the AI chip wars against booming AI titans like Nvidia. Driving the news: Pat Gelsinger abruptly retired as of Sunday after 40 years with the company and a nearly four-year stint as CEO,
4h
on MSN
Meet 2 chip execs reportedly in the running for Intel CEO — one is an outsider
The chipmaker is considering at least two people outside the company to replace former CEO Pat Gelsinger, who abruptly ...
23m
Intel’s CEO, Pat Gelsinger, ‘retires’ — riiiiight
That’s the company’s story line for public consumption, at least. But if you buy that, you’re not paying attention.
20h
Intel’s CFO has a tough new job: Serve as interim co-CEO to keep its finances from further ‘deteriorating’
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process ...
1d
Intel’s CEO hasn’t turned the company around, and now he’s no longer CEO
Intel CFO David Zinsner and Client Computing Group head Michelle Johnston Holthaus will be sharing the title of interim CEO ...
12h
Intel's next CEO needs to decide the fate of its chip fabs
Intel's CEO exit reignites discussions on splitting off factories, with questions about financial recovery and CHIPS Act ...
21h
Intel Is Changing For The Better, It's Time To Buy
Intel Corporation has been removed from the Dow Jones 30, reflecting their poor performance over the past five years. Find ...
1d
on MSN
Intel Corporation (INTC) Secures $7.8 Billion CHIPS Act Grant to Boost Chip Production in Ohio
We recently compiled a list of the 10 AI News Updates You Should Not Miss. In this article, we are going to take a look at ...
Hoodline
1d
Intel CEO Pat Gelsinger Retires Amid Market Challenges, Shares Surge on Leadership Change
Intel's CEO Pat Gelsinger retires amid the company's struggles, with its future uncertain and stock rising post-announcement.
22h
Is Intel A Buy After CEO Pat Gelsinger's Sudden Retirement?
Intel Corporation CEO Pat Gelsinger's sudden retirement stuns markets, sparking speculation of a rift and potential foundry ...
1d
on MSN
Intel Corporation (INTC) Stock Rallies Amid Reports of Potential US Export Restrictions on Chinese Semiconductor Firms
We recently compiled a list of the 14 AI News That Broke The Internet This Week. In this article, we are going to take a look ...
14h
Intel targets budget-friendly 1440p gaming with $249 and $219 Arc B500 GPUs
Both are decidedly midrange graphics cards that will compete with the likes of Nvidia's GeForce RTX 4060 and AMD's RX 7600 ...
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