Intel Stock Finishes Lower After Company Says CEO Has Retired

Category: Business

Intel's shares fluctuated following the announcement of a new CEO, with the stock closing down 0.5%. Pat Gelsinger stepped down, and David Zinsner and Michelle Johnston Holthaus were named interim co-CEOs. The company is undergoing significant changes, including job cuts and a $10 billion cost-cutting plan, as it struggles to regain competitiveness in the chip market.

Keywords: Intel, CEO change, chip market

Source: Investopedia

Update At: 12/3/2024

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