Intel (INTC) Announces CEO Retirement, Appoints David Zinsner and MJ Holthaus as Interim Co-CEOs
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Evercore ISI Reiterates In Line Rating on Intel (INTC)
December 3, 2024 5:18 AM ESTEvercore ISI analyst Mark Lipacis reiterated an In Line rating and $26.00 price target on Intel (NASDAQ: INTC).
The analyst comments "We reiterate our In Line rating post Intels announcement that its CEO retired. The board recognized the progress made under Gelsingers leadership in closing the transistor gap with TSMC, but our sense it was frustrated that the improving transistor technology did not manifest in a reversal in share loss, and wants a new CEO to focus on products. The CPU market has been flattish with increasing competition and while we... More
Intel (INTC) Hits Session Low, Now Down 2.4%
December 2, 2024 2:15 PM ESTIntel (NASDAQ: INTC) Hits Session Low, Now Down 2.4%
Earlier Intel Corporation (NASDAQ: INTC) today announced that CEO Pat Gelsinger retired from the company and has stepped down from the board of directors, effective Dec. 1, 2024.... MoreStifel Reiterates Hold Rating on Intel (INTC), 'No change to investment thesis'
December 2, 2024 10:55 AM ESTStifel analyst Ruben Roy reiterated a Hold rating and $25.00 price target on Intel (NASDAQ: INTC).
The analyst comments "INTC announces retirement of CEO Pat Gelsinger. Prior to market open, INTC announced that CEO Pat Gelsinger retired from the company and stepped down from the Board effective December 1st. David Zinsner (EVP and CFO) and Michelle Johnston Holthaus (previously EVP and GM of the Client Computing Group), were named Interim Co-Chief Executive Officers, with Ms. Johnston... More
