Why Intel Stock Is Sinking Today
Intel stock is losing ground today following skeptical coverage from Bank of America (BofA) analysts. The chip specialist's share price had climbed yesterday following news that CEO Pat Gelsinger would be resigning, but BofA's analysts raised concerns about the company's path going forward.
Related: Can Intel be rescued? Analysts review embattled tech stock before earnings. It's quite a comedown for the company, ...
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 ...
Reuters reported on Tuesday that Intel has started evaluating a handful of outsiders including former board member Lip-Bu Tan ...
Intel's new co-CEO on Wednesday talked up the importance of more spending discipline as the chip giant works to execute the strategy put in place by former Chief Executive Pat Gelsinger. The ...
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then ...
Intel’s board of directors announced Gelsinger’s retirement as chief executive, effective yesterday, today. The company ...
Intel faces challenges but could see positive changes with new leadership. Learn why INTC stock might deliver strong returns ...
When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his ...
Intel shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped ...
There are increased headwinds with a high degree of uncertainty regarding the future of Intel's leadership. Read why I'll ...
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