Reported 2 days ago
With the appointment of new CEO Lip-Bu Tan, Intel has a potential path to viability in the competitive chip market, according to Bank of America analyst Vivek Arya. Tan's experience and push for a stronger AI strategy may help stabilize the company, which has faced significant challenges under former CEO Pat Gelsinger, including a 76% drop in earnings and a decline in sales. Tan's leadership could improve Intel's standing with investors and enhance its value beyond its physical assets.
Source: YAHOO