{"id":37755,"date":"2025-03-13T11:38:58","date_gmt":"2025-03-13T11:38:58","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/13\/intel-stock-soars-as-chipmaker-names-new-chief-executive\/"},"modified":"2025-03-13T11:38:58","modified_gmt":"2025-03-13T11:38:58","slug":"intel-stock-soars-as-chipmaker-names-new-chief-executive","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/13\/intel-stock-soars-as-chipmaker-names-new-chief-executive\/","title":{"rendered":"Intel stock soars as chipmaker names new chief executive"},"content":{"rendered":"
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Intel Corp (NASDAQ: INTC) rallied nearly 15% in after-hours trading on Wednesday after naming Lip-Bu Tan its new chief executive<\/a>.<\/p>\n

Tan has formerly served in a similar capacity at Cadence Design Systems Inc (NASDAQ: CDNS) \u2013 a multinational company based out of San Jose, California, that makes software for chip designers, including Intel.<\/p>\n

On March 18th, Tan will take the helm from David Zinsner and MJ Holthaus who were appointed interim co-CEOs of Intel in December<\/a>.  <\/p>\n

He will also rejoin the board after previously stepping down in August 2024.<\/p>\n

Lip-Bu Tan likely has a rough road ahead<\/h2>\n

Lip-Bu Tan is tasked with steering Intel through a critical transformation.<\/p>\n

His primary focus would be on rebuilding the company\u2019s process technology roadmap in pursuit of regaining leadership in semiconductor manufacturing.<\/p>\n

Tan will also aim to improve execution, driving innovation, and strengthening Intel\u2019s foundry business to reclaim its competitive positioning in the global market.<\/p>\n

All in all, the new chief executive is expected to tap on his vast experience in the semiconductor industry to accelerate Intel\u2019s turnaround<\/a>, rebuild investor confidence, create shareholder value, and position the company for long-term growth and success.<\/p>\n

Note that INTC is currently down more than 50% versus its 52-week high.<\/p>\n

Why has Intel struggled in recent years?<\/h2>\n

Intel has struggled to remain relevant in the fast-growing AI market, losing share to the likes of Nvidia and Advanced Micro Devices (AMD).<\/p>\n

Nonetheless, the multinational chip manufacturer surpassed street expectations in its most recent quarter. <\/p>\n

However, INTC pointed to intense competition, macroeconomic conditions, and seasonal factors as it provided a cautious outlook for the first quarter.<\/p>\n

Intel had also warned in January that the possibility of new tariffs under the Trump administration<\/a> was resulting in added uncertainty. <\/p>\n

President Trump has since turned that \u201cpossibility\u201d into a \u201creality\u201d.<\/p>\n

That said, Intel shares currently pay a healthy dividend yield of 2.42% that makes them somewhat more attractive to own in 2025.<\/p>\n

Is it worth investing in Intel stock today?<\/h2>\n

Intel\u2019s new CEO announcement arrives only days after Citi reiterated its \u201cneutral\u201d stance on Intel stock.<\/p>\n

Its analyst Christopher Danely is concerned that \u201cthere could be an inventory build in CPUs given CPUs grew low double digits in H2 of 2024 while PCs grew mid-single digits.\u201d<\/p>\n

Citi now expects PC growth to come in at 4.0% on a year-over-year basis in 2025. The investment firm\u2019s $21 price target on INTC warns of potential downside of about 10% from here.<\/p>\n

However, whether or not Citi will choose to change its view on Intel stock following the appointment of Lip-Bu Tan as its new chief executive is yet to unfold.  <\/p>\n

That said, other Wall Street analysts seem to agree with Citi on the semiconductor stock as well, given the consensus rating on it currently sits at \u201chold\u201d.<\/p>\n

The post Intel stock soars as chipmaker names new chief executive<\/a> appeared first on Invezz<\/a><\/p>\n

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Intel Corp (NASDAQ: INTC) rallied nearly 15% in after-hours trading on Wednesday after naming Lip-Bu Tan its new chief executive. Tan has formerly served in a similar capacity at Cadence Design Systems Inc (NASDAQ: CDNS) \u2013 a multinational company based out of San Jose, California, that makes software for chip designers, including Intel. On March <\/p>\n","protected":false},"author":1,"featured_media":37756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-37755","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing"],"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=37755"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/37756"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=37755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=37755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=37755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}