Intel’s new CEO tells investors: ‘We fell short of your expectations’
- New Intel CEO Lip-Bu Tan stated that the company fell short of investor expectations in 2024 but is on a path to recovery.
- Intel reported a $19 billion loss in 2024, attributed to increased capital spending and severance payments from job cuts.
- Three board members are resigning, with Intel's board potentially reduced to 11 if shareholders approve new members.
- Advanced Micro Devices Inc. Has been downgraded due to competition with Nvidia in the AI chip market, reflecting severe challenges for the company.
13 Articles
13 Articles
AMD gets another downgrade on tough competition with Nvidia
By Ryan Vlastelica | Bloomberg Advanced Micro Devices Inc. is falling further behind Nvidia Corp. in its technological capabilities, a fact that could continue to pressure the stock, according to Jefferies, which downgraded the chipmaker to hold. “AMD has considerable ground to cover before their products can compete,” wrote analyst Blayne Curtis, who previously had a buy rating on the stock. Nvidia’s chips have “a significant performance advant…
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