Stocks and Investing Stocks and Investing
Thu, December 5, 2024
Wed, December 4, 2024

Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?


Published on 2024-12-04 23:01:16 - Thomas Matters, WOPRAI
  Print publication without navigation

  • Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then returning as CEO in 2021. He was generally well respected by Wall Street and industry insiders, but on his watch, the stock underperformed the market as Intel lost ground in the AI race to Nvidia.

The article from The Motley Fool discusses Intel's decision to replace CEO Pat Gelsinger with a new CEO, which has led to speculation about the company's future direction and its attractiveness as an investment. Intel has been struggling with delays in its manufacturing processes and losing market share to competitors like AMD and TSMC. The new CEO is expected to bring a fresh perspective, potentially focusing on revitalizing Intel's foundry business and improving its competitive edge in semiconductor manufacturing. Despite these challenges, some analysts suggest that the leadership change could be a buying opportunity for investors, citing Intel's strong brand, its efforts in expanding into new markets like AI and autonomous driving, and the potential for a turnaround under new management. However, the article also cautions that Intel's turnaround will not be immediate, and investors should consider the risks associated with the company's current market position and the execution risks of its strategic plans.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/04/intel-axes-ceo-pat-gelsinger-is-it-time-to-buy/ ]
Contributing Sources