Pat Gelsinger’s decision to step down was initially greeted enthusiastically, with shares rising only to subsequently slide lower
’s decision to step down was initially greeted enthusiastically, as shares popped 5 per cent higher, only to subsequently slide lower.
In August it announced it was cutting 15 per cent of its global workforce. In October, Intel posted a record $16.6 billion quarterly loss. In November, investors learned Nvidia was replacing Intel in the Dow Jones Industrial Average. Shares are down 55 per cent this year.
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