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Intel Newsroom
Express News | intel has appointed Zinsner and Johnston Holthaus as interim co-CEOs.
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AI transformation difficulties, performance losses, market cap nearly halved, intel CEO "forced" to retire, stock price rose over 5.7% at one point.
Pat Gelsinger, the CEO who worked at intel for over 40 years, officially retired on December 1st, Eastern Time. During his nearly four-year tenure, despite intel's ambitious plans, the market position continued to decline. The board of directors lost confidence in his ability to turn the situation around and ultimately gave him the choice of retiring or being dismissed, with Gelsinger opting to end his career at intel. Following the announcement, intel's stock price surged more than 5.7% during trading on Monday.
Stifel Maintains Intel(INTC.US) With Hold Rating
Market Chatter: Intel Board Forced CEO Gelsinger Out Amid Growing Frustration With Progress
Intel Board Forced Chief Executive Out Amid Growing Frustration With Progress, Bloomberg Reports
Express News | The intel board of directors is increasingly frustrated with the company's progress, and the CEO has been forced to step down under these circumstances.
Nasdaq, S&P, and Dow Are Mixed While Treasury Yields Climb
Express News | U.S. semiconductor stocks rose, with taiwan semiconductor and marvell technology up over 4%, intel up nearly 4%, broadcom and AMD up nearly 3%, and nvidia up over 1%.
Intel Stock Is Moving Higher Monday: What's Going On?
Intel Corporation (INTC) CEO Pat Gelsinger Praises Elon Musk's XAI for Rapid Development of Memphis Supercluster Using Intel Xeon Processors
Intel CEO Pat Gelsinger Retires
Express News | Intel's leadership team undergoes a major adjustment, with CEO Patrick retiring.
Intel CEO Gelsinger Retires. The Stock Is Gaining. -- Barrons.com
intel rose by nearly 4% in pre-market trading.
Gelonghui, December 2 | Intel rises nearly 4% in pre-market trading as the company announces the retirement of CEO Pat Gelsinger.
Express News | Intel Shares up 3.4% Premarket After Co Announces CEO Change
Express News | intel's pre-market trading rose over 4% after announcing the retirement of CEO Pat Gelsinger.