Intel Corporation is a leader in semiconductor manufacturing, specializing in the design and production of advanced integrated circuits and microprocessors that power a wide range of computing devices, from personal computers to data centers and Internet of Things applications. The company is renowned for its innovative technologies that drive performance and efficiency in computing, offering products tailored for various sectors including consumer, enterprise, and mobile markets. In addition to hardware, Intel also invests in software and services to support its ecosystem, fostering advancements in artificial intelligence, cloud computing, and autonomous systems. Through its commitment to research and development, Intel plays a critical role in shaping the future of technology.
Shares of computer processor maker Intel (NASDAQ:INTC)
fell 5.9% in the afternoon session after the company announced the retirement of CEO Pat Gelsinger. While the company searches for his replacement, CFO David Zinsner and Michelle Johnston Holthaus, CEO of Intel Products, will lead the company.
U.S. stocks paused for a breather Tuesday, with major equity indices hovering near the flatline as investors digested global developments, including China’s ban on key raw material exports to the U.S.
Intel announces the retirement of CEO Pat Gelsinger, effective December 1, 2024, with David Zinsner and Michelle Johnston Holthaus stepping in as interim Co-CEOs.
U.S. markets saw mixed results on Monday: the Dow Jones Industrial Average slipped 0.3% to 44,782, the S&P 500 edged up 0.2% to 6,047.15, and the Nasdaq climbed nearly 1% to close at 19,403.95. These are the top stocks that gained the attention of retail traders and investors throughout the day: Intel Corporation
Intel Corp (NASDAQ:INTC) CEO Pat Gelsinger announced his retirement on Monday. Reports indicate the Intel chief was forced out by Intel's board, which had grown frustrated with Gelsinger's turnaround progress.
Wall Street started the week and the final month of the year on a mixed note, as a tech-driven rally clashed with broader market weakness. Mega-cap tech stocks and semiconductors led gains, driving the Nasdaq 100 to retest its all-time high of 21,180 points, last reached on Nov. 11, 2024.
Intel Corp (NASDAQ:INTC) shares are trading higher Monday after the company announced the retirement of CEO Pat Gelsinger. Here's a look at what you need to know.
Intel Corporation (NASDAQ: INTC) today announced that CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and has stepped down from the board of directors, effective Dec. 1, 2024.
Semiconductor manufacturers like GlobalFoundries, Microchip Technologies, and Intel are down in the dumps in 2024 but expected to revert to growth in 2025.
This is one of the most difficult questions in investing because it’s filled with emotions. Long-term investors tend to stay in losing stocks to try and “make it back” to their breakeven level.