Here's what Wall Street analysts say is ahead for Intel after CEO Pat Gelsinger's departure
Intel stock dropped 6% Tuesday as investors reacted to the departure of the chip maker's CEO, and Wall Street analysts seem to think the company future remains uncertain. The stock dropped in Tuesday trades to close at %22.47 per share after the company ...
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
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.
Intel delivers long-awaited CEO change, but that doesn’t make its stock a buy
Intel Corp. is making a change at the top with Chief Executive Pat Gelsinger out after less than four years. The company announced Monday morning that Gelsinger has retired from Intel and stepped down from its board of directors,
Intel: Challenges For The New CEOs
Intel’s leadership change prompts a fresh look at its strategy. Read why INTC stock holds steady with a Hold rating, given profitability concerns.
Intel Stock Finishes Lower After Company Says CEO Has Retired
News that chip giant Intel will get a new CEO set the embattled chip maker's shares in motion Monday, with the stock finishing marginally lower as the company sought to reassure investors that things might improve after a punishing year.
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.
Why Intel Stock Was Climbing Today
Shares of Intel ( INTC 4.84%) 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.
Intel CEO Pat Gelsinger steps down as chipmaker’s struggles continue
Computer chip maker Intel announced the retirement of chief executive Pat Gelsinger on Monday, raising new questions about the company’s future even as the United States is set to give it billions of dollars to build up the country’s ability to manufacture chips at home.
Intel CEO Pat Gelsinger Retires From Struggling Chipmaker
(Reuters) -Chipmaker Intel said on Monday CEO Pat Gelsinger retired from the chipmaker, effective Dec. 1. The company named CFO David Zinsner and senior executive Michelle Johnston Holthaus as interim co-chief executive officers while its board conducted a search for a new CEO.
Old CEO Out, 'New CEO' In - Struggling Intel Is A Bargain Nonetheless
Intel's recent struggles include suspending dividends, delaying factory construction, and drastic cost-cutting measures. Read why INTC stock is a long-term Buy.
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’s outgoing CEO is living every executive’s nightmare: A post-departure stock bump and no succession plan
Intel’s board of directors announced Gelsinger’s retirement as chief executive, effective yesterday, today. The company ...
Intel Stock Price Levels to Watch After CEO Shakeup
Intel shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped ...
Intel stuck between foundry and hard place as it searches for new CEO (update)
Intel dismissed CEO Pat Gelsinger, who was a driving force behind improving manufacturing capabilities, including the ...
Intel’s Strategic and Operational Challenges Lead to Hold Rating Amid CEO Departure and Market Setbacks
Robert W. Baird analyst Tristan Gerra maintained a Hold rating on Intel (INTC – Research Report) today and set a price target of $25.00.Don't ...
Intel CEO Gelsinger's removal raises doubts over turnaround plan
Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround efforts, leaving ...