Morgan Stanley Maintains Intel(INTC.US) With Hold Rating, Maintains Target Price $25.58
Kissinger resigned with a multimillion-dollar salary, and intel began searching for a new CEO.
After intel CEO Pat Gelsinger resigned, the company began evaluating new CEO candidates, most likely to bring in external candidates; Current candidates include Marvell Technology's Matt Murphy and former Cadence CEO Liping Chen, the company has hired headhunting company Spencer Stuart to assist in finding a new CEO.
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Intel is seeking an external "parachute" CEO.
According to reports, intel is looking for a new CEO, focusing on external candidates, and has hired the executive headhunting company Spencer Stuart to assist in finding new leadership.
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On Tuesday, Nvidia topped the list of US stock trading volumes, closing up 1.18% with a turnover of $22.403 billion. Nvidia's chief financial officer stated on Tuesday that acquisitions may be a possible use of the company's growing money market. According to reports, Nvidia is set to launch its highly anticipated next-generation "Blackwell Ultra" GB300 AI server in mid-2025, which far exceeds existing products in performance. Previously, Nvidia's Blackwell architecture has garnered widespread market attention and has been favored by many technology giants, bringing substantial revenue to Nvidia.
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Intel Considers an Outside CEO, Taps Headhunters
Intel Shares Are Trading Lower. The Stock Has Been Volatile After the Company on Monday Announced the Retirement of CEO Pat Gelsinger.
Express News | Intel Shares Are Trading Lower. The Stock Has Been Volatile After the Company on Monday Announced the Retirement of CEO Pat Gelsinger
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Intel Shares Slide as Gelsinger Exit Leaves Chipmaker Without a 'Quick Fix'