Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then returning as CEO in 2021. He was generally well respected by Wall Street and industry insiders, but on his watch, the stock underperformed the market as Intel lost ground in the AI race to Nvidia.
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 ...
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When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his ...
Intel is likely to see its bread-and-butter CPU sales pick up with a more compelling portfolio of products and recovery in demand.
Intel’s board of directors announced Gelsinger’s retirement as chief executive, effective yesterday, today. The company ...
Pat Gelsinger’s resignation might open some options for Intel, but the chip maker's struggles with manufacturing technology ...
Hi, it’s Ben Scent in London, where the size of the UK stock market has been shrinking fast this year. Elsewhere, Intel is ...
News that chip giant Intel will get a new CEO set the embattled chip maker's shares in motion Monday, with the stock ...
There are increased headwinds with a high degree of uncertainty regarding the future of Intel's leadership. Read why I'll ...
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