Intel (INTC) CEO Forced Out After Board Grew Frustrated With Progress - Bloomberg
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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.... More