Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then returning as CEO in 2021. He was generally well respected by Wall Street and industry insiders, but on his watch, the stock underperformed the market as Intel lost ground in the AI race to Nvidia.
Here's what Wall Street analysts say is ahead for Intel after CEO Pat Gelsinger's departure
Intel stock dropped 6% on Tuesday as investors reacted to the CEO's departure. Wall Street analysts say there's more uncertainty ahead for the chip maker.
Gelsinger Gone: What Intel's Big Move Means for INTC Stock
Intel Corp. (NASDAQ: INTC) stock is down an additional 5.8% the day after the company announced that Pat Gelsinger was stepping down as chief executive officer (CEO) effective immediately. A pair of interim CEOs will run Intel as the board undertakes an executive search.
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 announces that CEO Pat Gelsinger has retired, and the search is on for his replacement
Pat has suddenly departed - which is not really a big surprise, given the year Intel's had - and Zinsner plus Holthaus are temporary co-CEOs.
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 CEO Pat Gelsinger ousted by board after disastrous performance
Intel ousted CEO Pat Gelsinger over the weekend , capping a tumultuous nearly four-year tenure at what was America's leading semiconductor company before its stock price and market share collapsed.
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.
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 Gelsinger Retires; Zinsner and Johnston Holthaus Named Interim Co-CEOs
Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. Two company executives, David Zinsner and Michelle Johnston Holthaus, will act as interim co-CEOs while the company searches for a replacement for Gelsinger,
Pat Gelsinger inherited major problems at Intel. Its next CEO may have to navigate worse.
Intel is in a shake-up. Its next leaders will have to take on the challenges of catching up in the AI race and navigating Donald Trump.
Intel Is Sinking As Risk Factors Pile Up, Is It A Time To Get Out?
There are increased headwinds with a high degree of uncertainty regarding the future of Intel's leadership. Read why I'll ...
Intel's ousted CEO may get more than $10 million in severance
Outgoing Intel CEO Pat Gelsinger is set to get paid as much as $10 million as he exits the struggling tech giant.
Impacts18h
Intel’s Former CEO To Receive About $12 Million Payout
Intel former CEO Pat Gelsinger could get as much as $12 million as a payout, a regulatory filing showed on Tuesday, following ...
Intel considers an outside CEO, taps headhunters
Intel is considering tapping an outside hire as CEO, a nearly unprecedented occurrence, as the company reels from the ouster ...
Local News Matters on MSN1d
Cashing in his chips: Intel CEO retires after 'challenging year' for Silicon Valley tech titan
Intel CEO Pat Gelsinger has retired from the Silicon Valley-based tech giant and effectively stepped down from its board of ...