Intel Corporation (NASDAQ: INTC ) is an American semiconductor giant that was just recently removed from the Dow Jones 30, a prestigious "best of the best" list, where they were dethroned by NVIDIA Corp (Analyst’s Disclosure: I/we have a beneficial long position in the shares of ASML either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationsh ...

Key TakeawaysIntel shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped down and will be replaced by a pair of interim co-CEO’s as it searches for a permanent replacement.The stock dropped Monday towards the 50-day moving average on the highest volume in more than a month, indicating selling conviction behind the move.Investors should watch key support levels on Intel's chart around $22 and $18.50, while also monitoring resistance levels nea ...

In my last few articles about Intel Corporation (NASDAQ: INTC ) (NEOE: INTC:CA ), I was always bullish, and I don't want to justify myself here in any way. I was clearly wrong about Intel in the last few quarters and obviously too optimistic about Intel My analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints rega ...

Core Insights - Intel's CEO Pat Gelsinger has stepped down unexpectedly after a challenging four-year tenure, leading to the appointment of co-CEOs David Zinsner and Michelle Johnston Holthaus [2][5][22] - The company is facing significant operational challenges and has struggled with execution benchmarks, particularly in relation to the CHIPS Act funding [11][13] - Intel's market share remains strong in traditional PCs and servers, but the company has been criticized for its inability to keep pace with competitors, particularly in the accelerated computing and AI sectors [10][14] Leadership Changes - Gelsinger's departure was described as a personal decision, with reports suggesting board discontent led to his exit [5][3] - Zinsner and Holthaus bring extensive knowledge of Intel's finances and products, but lack Gelsinger's technical expertise [6][7] - The new leadership emphasized continuity in company goals, focusing on improving efficiency and reducing costs [8] Financial Context - Intel's funding under the CHIPS Act was finalized at $7.865 billion, lower than the initially announced $8.5 billion [12] - The company's stock has seen a significant decline of 60% since Gelsinger took over, although shares rose slightly following the announcement of his retirement [22] Operational Challenges - Intel has been criticized for multiple operational missteps, with analysts noting that the new co-CEOs will need to act quickly to address these issues [10][19] - The company is heavily reliant on the successful execution of its 18A manufacturing process, which is seen as critical for its resurgence [15][16][18] - Analysts have pointed out that the costs associated with bringing the 18A node online are likely to increase, and external validation from large customers is still pending [17]

Key TakeawaysIntel could be more likely to split its operations now that CEO Pat Gelsinger's unexpected retirement was announced, Bank of America analysts wrote Monday.Gelsinger was a proponent of keeping Intel's own manufacturing and contract foundry businesses together as part of his turnaround effort.The analysts said an Intel breakup still faces a number of hurdles, including conditions set by the nearly $8 billion in federal CHIPS Act funding announced last week. Intel (INTC) could break up its operati ...

WASHINGTON, DC - MARCH 23: CEO of Intel Corporation Pat Gelsinger holds up a semiconductor as he ... [+] testifies during a hearing before Senate Committee on Commerce, Science, and Transportation at Russell Senate Office Building on Capitol Hill on March 23, 2022 in Washington, DC. The committee held a hearing on “Developing Next Generation Technology for Innovation.” (Photo by Alex Wong/Getty Images)Getty ImagesAfter a 52% plunge in its stock price so far in 2024, a 6% revenue drop paired with a whopping ...

Key TakeawaysIntel shares finished lower 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 had 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. News that chip giant Intel (INTC) will get a new CEO set the embattled chip maker's shares in motion Monday, with the stoc ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York, on Dec. 14, 2023. Credit: AP Photo/Seth Wenig, File Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. Two company executives, David Zinsner and Michelle ...

Shares of Intel (INTC 3.49%) 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.Gelsinger will be replaced on an interim basis by two senior leaders, CFO David Zinsner and CEO of Intel Products Michelle Johnston (MJ) Holthaus.Investors seemed to see the shake-up as a sign of necessary change as the stock was up 4.4% as of 12:16 p.m. ET. It jumped immediately in premarket trading ...

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 ...