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Intel’s Big Bet That Sank Stock and Its CEO
Why Intel Stock Was Climbing Today
Shares of Intel ( INTC 4.84%) were moving higher today after the chip giant surprised investors this morning by saying that CEO Pat Gelsinger has retired as CEO and from the board of directors, effective Dec. 1.
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's stock ends lower despite initial upbeat reaction to CEO exit
Intel's stock closed fractionally lower on Monday, despite rising as much as 5.9% earlier in the session on news that Pat Gelsinger is out as CEO. The stock's reversal perhaps signals an investor understanding that Intel's problems are deeper than its leadership.
Intel CEO retires
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 split ‘more likely, but not less difficult’ after CEO exit, says BofA
After Intel (INTC) announced the “unexpected” retirement of CEO Pat Gelsinger, BofA said the transition “does not come as a complete surprise”
Intel CEO retires as chipmaker’s struggles continue
Intel on Monday announced the retirement of chief executive Pat Gelsinger. The move, which was effective Sunday, comes as the U.S. chipmaker struggles to keep up in the hypercompetitive semiconductor market and as its stock price has tumbled.
22h
on MSN
These Stocks Moved the Most Today: Super Micro, Intel, Tesla, Stellantis, Upstart, Gap, Norwegian, and More
Super Micro stock rises sharply after the server maker says it completed an investigation into accounting issues and found no ...
5h
Intel shortlisting CEO candidates, including former board member, Reuters says
Intel (INTC) has begun shortlisting a “handful” of potential candidates for the CEO role, including former board member Lip-Bu Tan, who left in ...
20h
Intel CEO, Super Micro, cruise line stocks: Market Domination
There's just one more hour to go in the first trading session of December. Julie Hyman and Josh Lipton have investors covered ...
6h
Intel CEO Gelsinger's removal raises doubts over turnaround plan
(Reuters) -Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround ...
22h
on MSN
Rising tech stocks pull Wall Street to another record
NEW YORK — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. The Standard & Poor’s 500 ...
1d
Stocks to Watch Monday: Stellantis, Tesla, Intel, Super Micro
Shares in the carmaker, which makes Chryslers and Jeeps, tumbled over 8% in Milan after Chief Executive Carlos Tavares [stepped down]( ...
wepc
3d
Intel’s flagship processor is dirt cheap while Cyber Monday stocks last
Cyber Monday's deals are hitting all the best bits of hardware, and Intel's flagship processor, the i9-14900K, has had a ...
22h
Stock Market Today: S&P 500, Nasdaq end at record highs as major tech stocks rally
The S&P 500 went up 14.77 points or 0.2% to close at 6047.15, a record closing high. It is the index's 54th record close of ...
11h
Intel’s Strategic and Operational Challenges Lead to Hold Rating Amid CEO Departure and Market Setbacks
Robert W. Baird analyst Tristan Gerra maintained a Hold rating on Intel (INTC – Research Report) today and set a price target of $25.00.Don't ...
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