Pat Gelsinger

Patrick Moorhead, CEO and chief analyst of Moor Insights & Strategy, has expressed strong support for CEO Pat Gelsinger following Intel Corp. (NASDAQ:INTC) posting impressive third-quarter earnings. Moorhead shared his views during a segment on Market Domination Overtime. What Happened:...

Intel Corp. (NASDAQ:INTC) shares experienced a significant 6% increase in pre-market trading on Friday, according to Benzinga Pro. This surge followed the announcement of its third-quarter earnings, which exceeded Wall Street’s expectations. Intel closed at $21.52 on Thursday. The company...

Editors Note: The EPS and estimate were corrected, as was the consensus revenue estimate; bullet points updated. Intel Corp. (NASDAQ:INTC) reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.   The Details: Intel reported an EPS...

In the tech world, Intel Corp (NASDAQ:INTC) is stumbling its way through a corporate reboot, while Oracle Corp (NYSE:ORCL) is racing ahead, planting a $6.5 billion artificial intelligence and cloud flag in Malaysia. Let's break down the current state of affairs for these two giants. Intel: A Tough...

Apollo Global Management Inc. (NYSE:APO) has reportedly been considering a multibillion-dollar investment in Intel Corp. (NASDAQ:INTC). What Happened: Apollo has proposed to make an equity-like investment of up to $5 billion in Intel, reported Bloomberg, citing people familiar with the matter. As...

Mobileye Global Inc. (NASDAQ:MBLY) shares skyrocketed on Thursday after Intel Corp (NASDAQ:INTC) assured investors it would not drop its majority stake in the Israeli autonomous driving company. Mobileye gained 14.99% to close at $13.35 on Thursday, marking its largest intraday jump since late...

Amid ongoing challenges in the AI chip market, Intel Corp. (NASDAQ:INTC) is contemplating significant strategic shifts to regain its competitive edge. What Happened: Intel is evaluating significant changes to its business strategy as it faces challenges in the artificial intelligence chip market....

In a significant move aimed at revitalizing the company, Intel Corp. (NASDAQ:INTC) CEO Pat Gelsinger is set to present a comprehensive plan to the board, focusing on asset sales and cost reductions. What Happened: Intel’s CEO and other executives will present a plan to the board to shed...

Intel Corp. (NASDAQ:INTC) CEO Pat Gelsinger acknowledged investor concerns following a significant drop in the company’s stock price. What Happened: Gelsinger said the company is working diligently to address these concerns. He made these remarks during a fireside chat at Deutsche Bank’...

In a move that mirrors Tesla Inc's (NASDAQ:TSLA) dramatic workforce reduction earlier this year, Intel Corp (NASDAQ:INTC) reportedly plans to slash 15% of its workforce. This planned reduction, according to The Verge, is part of Intel's ambitious turnaround strategy aimed at regaining its footing...

Intel Corp (NASDAQ:INTC) is set to slash its workforce after receiving billions of dollars from the federal government. The tech giant said it plans to cut 15% of its workforce, or about 15,000 jobs, after it received $8.5 billion in grants from the U.S. government, Fox Business reported. The...

In a move that has shaken the tech industry, Intel Corp (NASDAQ:INTC) is set to fire about 15,000 employees, amounting to over 15% of its workforce, as part of a drastic cost-cutting measure aimed at saving $10 billion by 2025. The announcement, which came shortly after Intel’s disappointing...

Intel Corp (NASDAQ:INTC) is making waves with its ambitious plans to revamp its operations, thanks to a hefty $8.5 billion boost from the CHIPS Act, a $280 billion package President Joe Biden signed into law in 2022. The goal? To transform into a manufacturing powerhouse that could potentially...

Computex Taipei, one of the tech industry's most anticipated events, is just around the corner. As industry giants like Qualcomm Inc (NASDAQ:QCOM), Intel Corp (NASDAQ:INTC) and Advanced Micro Devices Inc (NASDAQ:AMD) prepare to unveil their latest innovations, investors are keenly watching for...

Intel Corp (NASDAQ:INTC), a tech giant often overshadowed by competitors, is sparking discussions among Reddit’s ValueInvesting community. Despite recent setbacks, including declining revenue and earnings, investors are intrigued by Intel’s potential for a turnaround and long-term...