Intel Stock May Fall. ‘If HE Couldn't Fix It, Can Anyone?
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Intel's stock has plummeted by 52% in 2024, with a 6% revenue drop and a $16.6 billion loss in the latest quarter. Consequently, Intel's board has ousted CEO Pat Gelsinger.
December 02, 2024 | 9:45 pm
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Intel's stock has dropped 52% in 2024, with a significant revenue decline and a $16.6 billion loss, leading to the ousting of CEO Pat Gelsinger.
The significant financial losses and leadership change indicate potential instability and uncertainty for Intel, likely leading to further stock price declines in the short term.
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