I've been skeptical regarding Intel (NASDAQ: INTC ) in prior analyses, and despite the constructive news of Pat Gelsinger's dismissal, I remain cautious about Intel's future. Nonetheless, releasing Pat Gelsinger from the CEO spot is a solid step. Therefore, I'm becoming more conservative about Intel'sAre You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2023 47% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial informa ...

Intel TodayINTCIntel$22.47 -1.46 (-6.10%) 52-Week Range$18.51▼$51.28Dividend Yield2.23%Price Target$30.04Add to WatchlistIntel Corp. NASDAQ: INTC stock is down an additional 5.8% the day after the company announced that Pat Gelsinger was stepping down as chief executive officer (CEO) effective immediately. A pair of interim CEOs will run Intel as the board undertakes an executive search.   After initially surging after the announcement, the stock has fallen 7.6% as of midday trading on December 3. INTC sto ...

When Pat Gelsinger took the helm of Intel (INTC -6.10%) in 2021, the hope was that he could be the mastermind who engineered the aging semiconductor titan's long-awaited turnaround.Instead, he will now join the ranks of Intel CEOs who failed to reinvigorate the company and underperformed the stock market along the way.Intel announced Gelsinger's retirement Monday morning, effective Dec. 1, and he was apparently shown out the back door. He won't remain with the company in any capacity, having relinquished bo ...

LONDON, UNITED KINGDOM - NOVEMBER 14: The Intel logo is seen outside a pop-up store on Oxford Street ... [+] on November 14, 2024 in London, United Kingdom. (Photo by Leon Neal/Getty Images)Getty ImagesNext year promises to be an important one for Intel stock. Intel is likely to see its bread-and-butter CPU sales pick up with a more compelling portfolio of products and recovery in demand. Meanwhile, the company’s foundry business also faces a moment of truth of sorts, as it looks to commercialize its cuttin ...

Advertisement Intel's CEO departure reignited debate on splitting its factories from the company.Intel's fabs are costly, but they're also considered vital for US national security.CHIPS Act funding requires Intel to maintain majority control of its foundry.One central question has been hanging over Intel for months: Should the 56-year-old Silicon Valley legend separate its chip factories, or fabs, from the rest of the company?Intel's departing CEO, Pat Gelsinger, has opposed that strategy. As a longtime c ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .Intel Corporation (NASDAQ: INTC ) stock shot up after news of now ex-CEO Pat Gelsinger's abrupt retirement amid what looks like internal disputes about INTC's strategic direction and lackluster performance under Gelsinger. Our takeAnalyst’s Disclosure: I/we have no stock, option or similar d ...

Intel Corp INTC has reportedly narrowed its search for a new CEO. The list of potential candidates has now been whittled down to a few prominent figures, including former board member Lip-Bu Tan, Reuters cites familiar sources.The struggling American chipmaker expelled CEO Pat Gelsinger on Monday after he failed to impress the board with his turnaround efforts since taking charge less than four years ago.Intel could not gain market share compared to Nvidia Corp NVDA and Taiwan Semiconductor Manufacturing Co ...

Intel is considering hiring an external candidate to replace ousted CEO Pat Gelsinger and has hired executive search firm Spencer Stuart to identify potential successors, according to people familiar with the matter, who requested anonymity due to the confidential nature of the discussions.Intel's board has also made overtures to recently departed director Lip-Bu Tan about whether he would be interested in the top job at the struggling chipmaker, said one of the people.An outside CEO would break from tradit ...

Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023.Intel shares fell more than 6% on Tuesday, a day after the embattled chipmaker announced the ouster of CEO Pat Gelsinger, whose four-year tenure was marred by market share losses and a major miss in artificial intelligence.The stock was headed for its worst day since early September as of early afternoon trading and has lost more than half its value this year.Int ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...