Why Intel Stock May Fall After Its CEO's Removal

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Why Intel Stock May Fall After Its CEO's Removal

^{Published on 2024-12-03 07:02:20 - Tim Hastings, N@N}

After a 52% stock plunge in 2024, a 6% revenue drop paired with a whopping $16.6 billion loss in the latest quarter, Intel's board ousted CEO Pat Gelsinger

The article from Forbes, published on December 2, 2024, discusses the challenges facing Intel Corporation and its stock performance. Intel's stock has been under pressure due to ongoing issues within the company, particularly its inability to keep pace with competitors in the semiconductor industry. The article highlights skepticism about Intel's future, questioning whether anyone can turn the company around after the tenure of its former CEO, who was unable to address these deep-seated problems. Industry experts cited in the piece express doubts about Intel's strategic direction, its manufacturing capabilities, and its market positioning, especially in light of advancements by rivals like AMD, NVIDIA, and TSMC. The consensus seems to be that without significant changes in leadership, strategy, and possibly corporate structure, Intel's stock might continue to decline.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/petercohan/2024/12/02/intel-stock-may-fall-if-he-couldnt-fix-it-can-anyone-asks-expert/ ]

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Tim Hastings

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