Stifel Reiterates Hold Rating on Intel (INTC), 'No change to investment thesis'

Evercore ISI Reiterates In Line Rating on Intel (INTC)

Evercore 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

Wolfe Research on Intel (INTC) CEO Departure: 'expect the stock to act favorably'

Wolfe Research analyst Chris Caso reiterated a Peerperform rating on Intel (NASDAQ: INTC) following CEO resignation.

The analyst commented: "We do expect the stock to act favorably, since it appears the board agrees with what we believe investors have already concluded - that... More

Bernstein SocGen Group Reiterates Market Perform Rating on Intel (INTC), 'No longer standing Pat?'

Bernstein SocGen Group analyst Stacy Rasgon reiterated a Market Perform rating and $25.00 price target on Intel (NASDAQ: INTC).

The analyst said: "While one could argue that the new (albeit perhaps temporary) leadership team has more leeway to make some necessary decisions... More

Intel CEO Pat Gelsinger retires, stock rises

Investing.com -- Intel Corporation announced Monday that CEO Pat Gelsinger has retired from the company, stepping down from his role and the board of directors, effective December 1, 2024.

The news pushed Intel (NASDAQ: INTC) shares over 5% higher in premarket trading.

In the interim, Intel named David Zinsner, its chief financial officer, and Michelle (MJ) Johnston Holthaus, the newly... More

Intel CEO Gelsinger forced out after board lost confidence in turnaround plan

By Max A. Cherney, Stephen Nellis and Anirban Sen

SAN FRANCISCO (Reuters) -Intel Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement.

Gelsinger, who resigned on Dec. 1, left after a board meeting last week during which directors felt Gelsinger's costly and ambitious plan to turn Intel around was not working and the progress of change was not fast enough, according to a person familiar with the matter. The board told... More

Intel (INTC) Announces CEO Retirement, Appoints David Zinsner and MJ Holthaus as Interim Co-CEOs

(Updated - December 2, 2024 8:31 AM EST)

Intel Corporation (NASDAQ: INTC) today announced that CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and has stepped down from the board of directors, effective Dec. 1, 2024.

Intel has named two senior leaders, David Zinsner and Michelle (MJ) Johnston Holthaus, as interim co-chief executive officers while the board of directors conducts a search for a new CEO. Zinsner is executive vice president and chief financial officer, and Holthaus has been appointed to the newly created position of CEO of Intel Products, a group that... More

Intel CEO highlights Xeon powering Musk's xAI AI node

Investing.com -- Intel Corporation (NASDAQ: INTC) CEO Pat Gelsinger highlighted the role of Intels Xeon processors used in Elon Musks AI venture, xAI.

Intels Xeon processors have long been a staple in data centers. The focus of the chip... More

Citi Comments on US Semiconductors and China Restrictions: 'fundamental investor concern remains an uninspiring flat to up 2026 WFE setup'

Citi Comments on US Semiconductors and China Restrictions: 'fundamental investor concern remains an uninspiring flat to up 2026 WFE setup'.

The analyst comments "Bloomberg reported today that Biden government China export controls could be more lenient, with fewer Huawei suppliers impacted, omission of leading DRAM maker CXMT, and HBM memory... More