Intel has had a tough 2024, but a turnaround may be in store for shareholders.The last couple of years have been terrific for semiconductor stocks. Well, most semiconductor stocks, that is. Since OpenAI introduced ChatGPT to the world on Nov. 30, 2022, shares of Nvidia and Advanced Micro Devices have risen by 721% and 83%, respectively. By contrast, shares of chip peer Intel (INTC -0.78%) have fallen by 25% during this time period.There's no doubt that Intel has faced a number of challenges over the last co ...

The logo of Intel is seen during Computex 2024 in Taipei on June 4, 2024.Intel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as the company ramps up the search process for ousted CEO Pat Gelsinger's replacement.Former ASML CEO Eric Meurice and Microchip interim CEO Steve Sanghi will join Intel's board effective immediately, the company said. Their appointments mean that Intel's board once again has directors with semiconductor experience, ...

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The S&P 500 has hit record levels this year and many stocks have generated fantastic returns for investors. But there's been no shortage of struggling investments, either. Many companies that have been finding it difficult to grow and that may not have any near-term catalysts on the horizon have seen their shares fall sharply this year.Among the S&P 500's worst performers thus far in 2024 are Walgreens Boots Alliance (WBA -2.35%), Moderna (MRNA -2.23%), and Intel (INTC -2.27%). Below, I'll look at just how ...

Intel (INTC -2.27%) is set to begin a new phase of its history amid the sudden retirement of CEO Pat Gelsinger. Gelsinger spent most of his career at Intel. He helped to develop the i486 microprocessor in the 1980s, and Intel co-founder Andrew Grove mentored him before he moved on to other opportunities.With his past experience, the company's board hoped Gelsinger's return would help restore its former glory. Now that his retirement has dashed those hopes, David Zinsner and Michelle Johnston Holthaus will s ...

Advertisement Intel says it needs to move to be thriftier and approach production with a zero-waste model.Execs said the company needs to prioritize efficiency over "no wafer left behind."Intel has lost ground to AI king Nvidia, Samsung, and several Taiwanese and American players.Intel says it needs to be thriftier and approach production with a zero-waste model.Days after CEO Pat Gelsinger's sudden departure, Intel executives said the company must prioritize efficiency.Advertisement "We are very driven t ...

Intel's former CEO Pat Gelsinger is in line to receive millions of dollars in severance and other compensation following his decision this weekend to step down and retire from the struggling chipmaker. The 63-year-old Gelsinger resigned from Intel and its subsidiary, Mobileye, on Sunday, Dec. 1, after spending three decades of his career at the company, including the last four years as its CEO. The chipmaker has struggled amid the rise of rivals like Nvidia and Taiwan Semiconductor Manufacturing Co., and Ge ...

Intel Corporation (NASDAQ:INTC) UBS Global Technology and AI Conference December 4, 2024 3:35 PM ET Company Participants David Zinsner - Executive Vice President and Chief Financial Officer Naga Chandrasekaran - Executive Vice President and Chief Global Operations Officer Conference Call Participants Tim Arcuri - UBS Tim Arcuri Okay, we're going to get started. Thank you for being here. I'm Tim Arcuri. I'm the semiconductor analyst here at UBS and very pleased to have Intel. We have Dave Zinsner, who is the ...

Intel stock fell again Wednesday prompting an industry analyst to accuse the chipmaker's board of badly mishandling the sudden exit of CEO Pat Gelsinger.The shares had rallied early Monday when news of Gelsinger's departure, signaling possible positive change at the struggling technology giant. But then the shares started falling, and were down for the third straight day on Wednesday. Industry analyst Patrick Moorhead, CEO of Moor Insights & Strategy, blasted the Intel board for the way they handled Gelsing ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...