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,
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
Old CEO Out, 'New CEO' In - Struggling Intel Is A Bargain Nonetheless
Intel's recent struggles include suspending dividends, delaying factory construction, and drastic cost-cutting measures. Read why INTC stock is a long-term Buy.
Intel’s new CEO faces tough AI market challenges
Intel says CEO Pat Gelsinger have retired, effective December 1st. Intel stock tanked an alarming 65% under Gelsinger as its CEO.
Intel CEO resigns after a disastrous tenure
Intel Monday announced CEO Pat Gelsinger has resigned after a difficult three-year stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals.
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 spin-off. Click for our INTC update.
Intel CEO Pat Gelsinger steps down from chip maker
Shares of Intel jumped nearly 6% Monday after the struggling chip maker's CEO stepped down. More Videos. First Lady Dr. Jill Biden unveils White House’s holiday decorations
Intel CEO Pat Gelsinger steps down as chipmaker’s struggles continue
Computer chip maker Intel announced the retirement of chief executive Pat Gelsinger on Monday, raising new questions about the company’s future even as the United States is set to give it billions of dollars to build up the country’s ability to manufacture chips at home.
Intel CEO Pat Gelsinger Retires From Struggling Chipmaker
(Reuters) -Chipmaker Intel said on Monday CEO Pat Gelsinger retired from the chipmaker, effective Dec. 1. The company named CFO David Zinsner and senior executive Michelle Johnston Holthaus as interim co-chief executive officers while its board conducted a search for a new CEO.
Intel CEO Pat Gelsinger Resigns After Struggling to Turn Around Chip Maker
Intel Chief Executive Pat Gelsinger retired abruptly, ending a nearly four-year run that saw the chip maker fall behind rivals in building semiconductors to power the artificial-intelligence boom. The company on Monday said it named Chief Financial Officer David Zinsner and Michelle Johnston Holthaus,
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What happened to Intel?
and now is at risk of missing out on AI, too. This isn’t just about stock price and golden parachutes If Intel is ...
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Intel CEO Pat Gelsinger Steps Down: Seeing 61% Stock Crash, Catastrophic Challenges In His Reign
Moreover, Gelsinger also faced the significant boom of artificial intelligence after OpenAI released the famed ChatGPT, ...
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 ...
Intel's CEO steps down as the chipmaker tries to restore investor confidence
Intel's share price has almost halved this year but jumped 3% at the market open Monday after Pat Gelsinger's retirement was ...
Billionaire Ken Griffin Increased His Stake in This Artificial Intelligence (AI) Semiconductor Stock by 172% (Hint: It's Not Nvidia)
Citadel Advisors, run by billionaire investor Ken Griffin, is one of the most prestigious hedge funds on Wall Street, and ...
Is Intel Stock a Buy Now?
To add insult to injury, the company Intel tried to buy in 2005, Nvidia, has gone on to become the second-largest company in ...
Famous Wall Street Analyst: Intel (INTC) Really Does Not Have ‘Any AI Story’
Jared Cohen, Goldman Sachs president of global affairs, co-head of the Goldman Sachs Global Institute, said while talking to ...