From Nasdaq: 2025-02-15 08:55:00

Intel made a surprising move by pushing CEO Pat Gelsinger out without a replacement. The stock floundered under his leadership, but he was in the midst of restructuring the foundry business. Intel is struggling to find a permanent CEO, and its data center and AI chief is leaving for Nokia.

Nokia announced that Justin Hotard, Intel’s data center and AI leader, will become CEO on April 1. His departure could impact Intel’s growth strategy. Intel stock rose as its subsidiary Mobileye partnered with Lyft for robotaxis. Intel continues to search for a permanent CEO amidst declining revenue.

Intel named Karin Eibschitz Segal as interim head of the data center and AI unit after Hotard’s departure. Hotard may have left due to frustration with Intel’s turnaround. Intel’s data center and AI segment revenue declined 3% to $3.4 billion in the fourth quarter. The longer Intel goes without a permanent CEO, the less likely its success.

Investors are advised not to miss lucrative opportunities with “Double Down” stock recommendations. Nvidia, Apple, and Netflix have seen significant returns after similar recommendations. Intel’s struggles emphasize the importance of timely investment decisions. The search for Intel’s CEO continues amid industry challenges and leadership changes.



Read more at Nasdaq: Intel’s Leadership Hole Just Got Even Deeper