New Intel CEO aims to revitalize company, upgrade to Neutral rating

From Yahoo Finance: 2025-03-24 10:35:00

Intel, led by new CEO Lip-Bu Tan, faces stiff competition from Nvidia, AMD, Arm Holdings, Taiwan Semiconductor, Broadcom, and Marvell. Tan, formerly of Cadence Design Systems, aims to revitalize Intel after the firing of Pat Gelsinger. Intel’s Q4 sales fell 7%, with net earnings down 76%.

Analyst Vivek Arya believes Tan may seek partners to fund chip production. Arya upgraded Intel’s stock to Neutral, citing undervaluation of the company’s intellectual property. Tan’s background in AI and chip design could help Intel regain value and recognition in the industry. 1. The stock market reached record highs today, with the S&P 500 hitting a new peak of 4,700 points. This milestone comes amid positive economic data and strong corporate earnings reports.

2. In international news, tensions are rising between Russia and Ukraine as Russian troops continue to amass near the border. The US and NATO have expressed concern over a potential invasion, with diplomatic efforts ongoing to prevent further escalation.

3. The CDC has announced that the omicron variant is now the dominant strain of COVID-19 in the United States. Health officials are urging the public to continue practicing safety measures such as wearing masks and getting vaccinated to curb the spread of the virus.

4. In sports news, the Winter Olympics are set to begin in Beijing next month. Athletes from around the world will compete in various events, with concerns over COVID-19 protocols and human rights issues in China overshadowing the games.

5. The United Nations has issued a report warning of the escalating climate crisis, citing extreme weather events and rising sea levels as major threats. The report calls for immediate action to reduce greenhouse gas emissions and mitigate the impacts of climate change.

Read more: Intel has a shot at being ‘viable’ with new CEO at the wheel: Analyst