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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 $16.6 billion loss in the latest quarter, Intel’s board ousted CEO Pat Gelsinger
Intel’s CEO hasn’t turned the company around, and now he’s no longer CEO
Intel CFO David Zinsner and Client Computing Group head Michelle Johnston Holthaus will be sharing the title of interim CEO while the company's board of directors searches for a new CEO. Gelsinger has also stepped down from his seat on the board.
Intel CEO Pat Gelsinger retires
Intel CEO Pat Gelsinger retired Sunday, after more than 40 years with the company. The company quickly named two interim co-CEOs to hold the fort while it searches for a long-term replacement.
Is Intel A Buy After CEO Pat Gelsinger's Sudden Retirement?
Intel Corporation CEO Pat Gelsinger's sudden retirement stuns markets, sparking speculation of a rift and potential foundry spin-off. Click for our INTC update.
Intel Announces Retirement of CEO Pat Gelsinger
Intel Corp. announced that CEO Pat Gelsinger has retired from the company and stepped down from the board of directors, effective Dec. 1, 2024.
Intel CEO Pat Gelsinger Retires Amid Market Challenges, Shares Surge on Leadership Change
Intel's CEO Pat Gelsinger retires amid the company's struggles, with its future uncertain and stock rising post-announcement.
The Morning After: Intel’s CEO just suddenly retired
It’s been a quiet few news days as everyone seemingly parses deals from Black Friday through to Cyber Monday. But there’s always time for a shock announcement: Pat Gelsinger is retiring after over 40 years at the company and close to four years at the chip manufacturer’s helm.
Intel shares fall after CEO leaves
CNBC's Deirdre Bosa reports on the latest news regarding Intel.
Intel Announces CEO Resignation and Interim Leadership
An update from Intel ( ($INTC) ) is now available. Intel Corporation has announced the resignation of CEO Pat Gelsinger, with Michelle Johnston
32m
on MSN
Intel says its 'no wafer left behind' days are over
Intel says it needs to be thriftier and approach production with a zero-waste model. Days after CEO Pat Gelsinger's sudden ...
1d
on MSN
Intel’s former CEO Pat Gelsinger set to receive over $10 million in severance
Pat Gelsinger, the former CEO of Intel Corporation, will depart the Bay Area tech giant with a severance package valued at up ...
7h
Intel's interim co-CEO Zinsner says new chief executive will have foundry experience
Intel's next chief executive officer will have manufacturing expertise as well as experience in the product side of the ...
1d
on MSN
Intel’s CFO has a tough new job: Serve as interim co-CEO to keep its finances from further ‘deteriorating’
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process ...
1d
Intel Is Changing For The Better, It's Time To Buy
Intel Corporation has been removed from the Dow Jones 30, reflecting their poor performance over the past five years. Find ...
5d
on MSN
Intel Corporation (INTC): Citi Maintains Neutral Rating Amid CHIPS Act Grant Adjustment and Execution Concerns
We recently compiled a list of the 15 Trending AI Stocks on Latest Ratings and News. In this article, we are going to take a ...
16h
Intel At The Crossroads. Where Does Intel Go From Here?
Intel is in the process of shedding many non-core products and related assets while showing very positive results in its ...
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