Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then returning as CEO in 2021. He was generally well respected by Wall Street and industry insiders, but on his watch, the stock underperformed the market as Intel lost ground in the AI race to Nvidia.
Gelsinger Gone: What Intel's Big Move Means for INTC Stock
Intel 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.
Why Intel Stock May Fall After Its CEO's Removal
After a 52% stock plunge in 2024, a 6% revenue drop paired with a whopping $16.6 billion loss in the latest quarter, Intel’s board ousted CEO Pat Gelsinger
Here's what Wall Street analysts say is ahead for Intel after CEO Pat Gelsinger's departure
Intel stock dropped 6% on Tuesday as investors reacted to the CEO's departure. Wall Street analysts say there's more uncertainty ahead for the chip maker.
Intel announces that CEO Pat Gelsinger has retired, and the search is on for his replacement
Pat has suddenly departed - which is not really a big surprise, given the year Intel's had - and Zinsner plus Holthaus are temporary co-CEOs.
Intel CEO Told to Retire or Be Removed
Learn more about why the CEO of Intel was asked to retire or get fired, after the company struggled to keep up with the AI chip competitors.
Intel shares slide as Gelsinger exit leaves chipmaker without a ‘quick fix'
Intel shares fell more than 5% on Tuesday, a day after the chipmaker announced the ouster of CEO Pat Gelsinger.
Intel CEO is out as the company's stock sinks
The CEO of Intel is leaving the company as it struggles to reinvent itself. Why it matters: Investors fear Intel is falling behind in the AI chip wars against booming AI titans like Nvidia. Driving the news: Pat Gelsinger abruptly retired as of Sunday after 40 years with the company and a nearly four-year stint as CEO,
Intel CEO Pat Gelsinger Retires Amid Financial Struggles, Comeback Plan
Intel CEO Pat Gelsinger has unexpectedly retired as the chipmaker attempts to bounce back from financial struggles and execute on his ambitious comeback plan.
Intel CEO Pat Gelsinger ousted by board after disastrous performance
Intel ousted CEO Pat Gelsinger over the weekend , capping a tumultuous nearly four-year tenure at what was America's leading semiconductor company before its stock price and market share collapsed.
Intel CEO Pat Gelsinger resigns after more than 3 years of tumultuous tenure
On Monday, Intel announced that its CEO Pat Gelsinger was stepping down from his post after more than three years.
Intel Is Sinking As Risk Factors Pile Up, Is It A Time To Get Out?
There are increased headwinds with a high degree of uncertainty regarding the future of Intel's leadership. Read why I'll ...
Are Intel’s Problems Too Big to Fix?
Pat Gelsinger’s exit might open some options, but Intel’s struggles in manufacturing technology and market shifts are still ...
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Cashing in his chips: Intel CEO retires after 'challenging year' for Silicon Valley tech titan
Intel CEO Pat Gelsinger has retired from the Silicon Valley-based tech giant and effectively stepped down from its board of ...