Former Intel CEO praises Nvidia's lead in semiconductors, Intel faces challenges, Nvidia stock soars
From Yahoo Finance: 2025-04-21 13:16:00
Former Intel CEO, Pat Gelsinger, praises Nvidia for its lead in the semiconductor industry on Yahoo Finance’s Opening Bid podcast. Gelsinger’s efforts at Intel included job cuts and promises of competitive AI chips, but he was fired in December due to missed targets. Intel’s Q4 sales fell 7% with a 76% profit drop. Nvidia’s stock has soared 1,220% in 5 years, while Intel’s has plummeted 69%. Lip-Bu Tan is Intel’s new CEO, aiming to challenge Nvidia with a strong AI strategy. Gelsinger believes Nvidia’s lead will be hard to overcome. Tan will reveal his strategy and address Trump tariffs during Intel’s Q1 results on April 24. Intel’s earnings calls can be heard live on Yahoo Finance. 1. The stock market reached record highs today, with the S&P 500 closing at an all-time high of 4,500. Investors are optimistic about economic recovery and strong corporate earnings.
2. Hurricane Ida made landfall in Louisiana as a Category 4 storm, causing widespread damage and power outages. Residents are urged to evacuate and seek shelter as the storm continues to move inland.
3. The FDA granted full approval to the Pfizer-BioNTech COVID-19 vaccine, making it the first vaccine to receive full approval in the United States. Health officials hope this will increase vaccination rates and help control the spread of the virus.