Reported 20 days ago
Intel Corp.'s recent decision to part ways with its CEO Pat Gelsinger has intensified the company's struggles, leading to a significant drop in stock value and heightened skepticism among investors. With shares plummeting by 58% this year—marking the worst performance since 1983—analysts express doubt over interim leadership as uncertainty clouds the company’s direction amid a costly shift towards AI and semiconductor manufacturing. Without a clear plan or permanent CEO, many investors remain cautious about the stock's future.
Source: YAHOO