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…
Photo: Spencer Platt (Getty Images) In This Story The tech-driven Nasdaq reached a high on Monday, driven by gains by Intel and Tesla (TSLA+3.13%), getting December off to a good start after a November that was the best month of 2024 for both the Dow and S&P 500. In the afternoon, the Dow Jones Industrial…
Starting the first trading session of December, the Nasdaq Composite (^IXIC) leads stocks in gains as it jumps higher than 0.5% after the opening bell; the index is up over 28% year-to-date. Morning Brief host Brad Smith and Yahoo Finance markets and data editor Jared Blikre observe this morning’s market action, while looking back on…
Following Donald Trump’s return to the White House as the 47th President of the United States, top leaders from the technology industry have issued statements congratulating him on his victory. Despite previous clashes with Trump, who had openly criticised several of these executives and their companies during his earlier term, tech CEOs are now signalling…
By Max A. Cherney, Jeffrey Dastin, Dawn Chmielewski, Fanny Potkin and Stephen Nellis (Reuters) – Pat Gelsinger took the reins as Intel CEO three years ago with hopes of reviving the American industrial icon. He soon made a big mistake. Intel had a sweet deal going with Taiwan’s TSMC, the giant manufacturer of semiconductors for…
It’s time for some of my reflections on a week in San Francisco talking to dozens of executives and workers in tech. It was a grueling trip, but a necessary one, because we are at a pivotal time when it comes to the revolution of artificial intelligence and accelerated computing. AI gets talked about a…
By Max A. Cherney (Reuters) – Intel’s foundry, or contract manufacturing business, has signed up Amazon’s cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence. Intel’s shares rose roughly 8% in extended trading after CEO Pat…