Intel (INTC) stock jumped 16% Tuesday following a report that its rivals Broadcom (AVGO) and TSMC (TSM) are exploring potential deals with the chipmaker that would split it into two. The Wall Street Journal reported late Saturday that Broadcom (AVGO) is considering making a bid for Intel’s product business, which designs semiconductors for computers and…
Former Intel (INTC, Financials) Chief Executive Pat Gelsinger revealed that he has acquired shares of Nvidia (NVDA, Financials) and other artificial intelligence-related stocks, citing recent advancements in AI model training. Based on claims that Chinese firm DeepSeek created a huge language model at a far cheaper cost than American rivals using older Nvidia technology, Gelsinger’s…
Pat Gelsinger, former CEO of Intel (NASDAQ:INTC) just made a bold movebuying Nvidia (NASDAQ:NVDA) stock as it dipped on fears surrounding DeepSeek’s game-changing AI breakthrough. The market panicked after learning DeepSeek built a cutting-edge AI assistant for just $6 million, sending Nvidia and other AI giants into a selloff. But Gelsinger isn’t buying the doomsday…
A decline in investor fears over DeepSeek’s low-cost AI subs drowned out Nvidia (NVDA, Financial) shares on Tuesday, which rebounded 9 percent after plummeting 16 percent on Monday. Such concerns about the Chinese AI startup’s efficiency breakthrough triggering a sell-off that erased nearly $600 billion in Nvidia’s market value were at the heart of the…
(Bloomberg) — Intel Corp. shares jumped as much as 9.5% Friday morning after a report on a technology news site said the beleaguered chipmaker is an acquisition target. Most Read from Bloomberg SemiAccurate, a tech-focused newsletter founded by Charlie Demerjian, said it was “read an email about a company trying to acquire Intel, whole” and…
PCMag editors select and review products independently. If you buy through affiliate links, we may earn commissions, which help support our testing. Intel’s interim co-CEOs have admitted that selling off Intel’s manufacturing business to improve its financial status isn’t off the table, according to multiple reports. Interim co-CEO David Zinsner, who is also Intel’s Chief…
It was a long, grueling path for many in the crypto world, but it finally happened: The price of bitcoin crossed the $100,000 mark for the first time. Beyond making bitcoin holders quite happy, given the digital currency has risen more than 50% in the past two months, the milestone reached on Wednesday provided some…
Photo: Cheng Xin (Getty Images) A current Apple (AAPL) employee is suing the company for illegally limiting worker freedoms through its required intellectual property agreement. The lawsuit, filed Monday in California Superior Court in Santa Clara County by Amar Bhakta, a digital ad tech and operations manager at Apple, alleges that the company’s policies, including…
Pat Gelsinger’s surprise resignation as Intel’s (INTC) CEO on Monday ends his four-year effort to rescue the struggling chipmaker—and his chance to snag a massive stock payday that could have been worth $140 million. Gelsinger is not exactly leaving empty-handed though: He’ll have earned at least $46 million, including severance, for his time leading Intel,…
Pat Gelsinger’s plight at Intel might be a warning for boomerang executives: Even when a company wins you back and appoints you CEO, the honeymoon can end in a flash. Intel’s board of directors announced Gelsinger’s retirement as chief executive, effective yesterday, today. The company didn’t name a successor and instead appointed two executives as…