Reported 1 day ago
Intel's stock surged nearly 8% on Monday following reports of incoming CEO Lip-Bu Tan's plans to revamp the company's operations and manufacturing strategies. Analysts are optimistic about Tan's potential to cut middle management and attract new clients for its foundry business as he prepares to take over from retiring CEO Pat Gelsinger. Despite the recent gains, Intel shares remain about 40% lower than a year ago.
Source: YAHOO