Intel (INTC) Stock Prediction & Analysis: New CEO’s Brutal Honesty Sends Shares Tumbling
TLDR
- New CEO Lip-Bu Tan acknowledges Intel has “fallen behind on innovation” and recovery “won’t happen overnight”
- Intel plans to spin off non-core businesses to focus on core operations
- Tan emphasizes rebuilding engineering strength and recruiting top talent
- Intel stock declined nearly 3% following Tan’s cautious comments
- Commerce Secretary Howard Lutnick suggested withholding additional funds until chipmakers commit to more U.S. investment
Intel’s new CEO Lip-Bu Tan made his first major public appearance at the company’s Vision 2025 conference in Las Vegas. His candid assessment of Intel’s challenges sent the stock down nearly 3% as he outlined his plan to restore the struggling chipmaker to its former…
