Facing difficulties in AI transformation, performance losses, and a market cap shrinkage of nearly half, intel's CEO was "forced" to retire, and the stock price once surged more than 5.7%.
Pat Gelsinger, the CEO who worked at intel for over 40 years, officially retired on December 1, Eastern Time. During his nearly four-year tenure, despite intel setting ambitious plans, its market position continued to decline. The board of directors lost confidence in his ability to turn the situation around, ultimately giving him the choice to retire or be dismissed; Gelsinger chose to end his career at intel. After the announcement, intel's stock price rose over 5.7% during trading on Monday.
December Starts With a Mixed Market | Live Stock
Advanced Micro Devices (AMD) Gains Ground in AI Chip Race With Competitive Pricing and Major Cloud Partnerships
AMD Seen as More Attractive AI Investment Than NVIDIA Corporation (NVDA), Analysts Suggest
Marjorie Taylor Greene Discloses Buys of AMD, Alphabet, Microsoft, Others
Challenge nvidia (NVDA.US)! Bezos and Samsung are heavily investing in the new ai chip heavyweight, Tenstorrent.
Bezos has teamed up with Samsung to invest 0.7 billion dollars in Tenstorrent.
70825143 : Sell everything when it reaches 155, he was just wandering around 135-160 that year.