Pat Gelsinger rejoined Intel in 2021.In this video, I will cover the recent updates regarding Intel (INTC 5.86%). Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 29, 2024. The video was published on Dec. 2, 2024. ...

Intel has announced the retirement of CEO Pat Gelsinger.In today's video, I discuss recent updates affecting Intel (INTC 5.20%). To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the pre-market prices of Dec. 2, 2024. The video was published on Dec. 2, 2024. ...

Intel’s (NASDAQ: INTC) stock price is experiencing a strong rally as investors respond positively to the announcement of a leadership change at the once-dominant semiconductor giant.As of press time, Intel’s shares were trading at $24.86, more than 3% from the previous market close. This marks a continuation of gains from the pre-market session, during which the stock surged over 5% at its peak.Despite the short-term optimism, Intel’s long-term performance tells a different story. The stock remains under si ...

Monday, December 2, 2024It’s the final Jobs Week of 2024 this week, and as such holds particular importance for the Fed, who will decide on forward monetary policy based partly on the health of the U.S. labor market. Last month, we saw a huge gap between private-sector payrolls from ADP (ADP) coming in at +233K new jobs filled, and the U.S. government’s Employment Situation report only brought in +12K positions. We’ll see if revisions pull these numbers closer together.Tuesday brings us the latest JOLTS rep ...

Intel CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus named as interim co-CEOs. Though demand for semiconductor chips has never been higher or more lucrative, Intel has struggled to match the success of its rivals.Gelsinger, whose career has spanned more than 40 years, also stepped down from the company’s board. He started at Intel in 1979 at Intel and was its first chief technology officer. He returned to Intel as chief executive in 2021. Intel said Monday that it will cond ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Chip giant Intel (INTC) will get a new CEO. The company on Monday said Pat Gelsinger has stepped down, effective yesterday, with Intel naming two interim leaders and starting its search for a permanent replacement. The stock was recently up about 4% in premarket trading. Intel said it named David Zinsner, its CFO, and Michelle "MJ" Johnston Holthaus, who has been given the new title of Intel Products CEO, its co-CEOs on an interim basis. Intel has already formed a search committee to find a permanent repla ...

Intel Chief Executive Pat Gelsinger retired on Sunday after a 40-year career at the company that has lately been marred by missteps that have enabled rivals to overshadow the once-dominant chipmaker.David Zinsner and Michelle Johnston Holthaus have been named co-CEOs as the board searches for a new chief executive, the company said Monday. Zinsner is executive vice president and chief financial officer at the company. Holthaus is the chief executive of Intel Products, which encompasses the company’s client ...

ToplineIntel’s chief executive officer retired effective immediately, the legacy Silicon Valley stalwart announced Monday, a shakeup that follows an extended period of stock market underperformance for the semiconductor chipmaker.Intel CEO Pat Gelsinger delivers a speech in June.AFP via Getty Images Key FactsIntel’s CEO Pat Gelsinger retired effective immediately Sunday. David Zinsner, the company’s chief financial officer, and Michelle Johnston Holthaus, the chief executive of Intel Products, will lead th ...

Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024.Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1, capping a tumultuous nearly four-year tenure at what was once America's leading semiconductor company but which saw its stock price and market share collapse under his tenure.Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs. Frank Yeary will serve as Intel ...