Intel Stock Rises After Company Says CEO Has Retired

Key TakeawaysIntel shares rose Monday following the announcement that CEO Pat Gelsinger has retired, effective yesterday.The chipmaker announced a pair of interim co-CEOs as its search for a permanent replacement is underway.Intel shares have lost more than half their value entering Monday as the chipmaker has cut costs and thousands of jobs as it has fallen behind some of its rivals. Chip giant Intel (INTC) will get a new CEO. The company on Monday said Pat Gelsinger stepped down, effective Sunday, with In ...