JimmyHua
03-17

$Intel(INTC)$

Intel, once the dominant leader in the chip industry, has been struggling in recent years.

In 2024, Intel posted a full-year net loss of $18.8 billion, and its market value shrank by more than half. Layoffs, factory sales, declining performance, and being removed from the Dow Jones Index — bad news has been piling up. Amid the rise of competitors like NVIDIA and AMD, Intel seems to be stuck in a quagmire.

At this critical moment, Intel’s board of directors made a significant decision: appointing Lip-Bu Tan as the new CEO, effective March 18.

The 65-year-old Chinese-American had resigned from Intel's board of directors in August 2024, but has now been urgently recalled. Following the news, Intel’s stock price surged 12% in after-hours trading, as the market seemed to glimpse a ray of hope.

Intel Beats Sales! Above $40, Smooth Sailing Ahead?
Intel reported better-than-expected third-quarter sales, signaling that demand for its core x86 processors for PCs has recovered.Revenue: $13.65 billion versus $13.14 billion estimated EPS: 23 cents, adjusted, not comparable to analyst estimates The report is Intel’s first since the U.S. government became the company’s top shareholder in August with a 10% stake.
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Comments

  • SiliconTracker
    03-20
    SiliconTracker
    Looking forward to INTC delivering good returns for investors.
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