Intel slides as Wall Street digests 'no quick fixes'

Lip-Bu Tan, the man trying to save Intel

The struggling American chip giant’s new boss is no stranger to comebacks

Intel slides as Wall Street digests 'no quick fixes'

Intel stock falls 6.7% the day after CEO Lip-Bu Tan outlines early turnaround moves.

Intel Stock Has Fallen Nearly 64% In 5 Years, Now CEO Lip-Bu Tan Says 'Clearly, There Are No Quick Fixes,' But Investors Should 'Stay Tuned' - Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD)

Intel CEO Lip-Bu Tan says there are "no quick fixes" as the company works through a long-term turnaround strategy amid a 64% stock drop over five years.

Intel dominated the semiconductor industry for a long time, but now the company is in the shadow of Nvidia's AI chips. Now the new boss is using a Rosskur.

Intel: Stumbling in the Spotlight

Shrinking nodes and shrinking profits

Is Intel Stuck? Analyst Labels It 'Dead Money' in Current Form - Wall Street Pit

Christopher Rolland attributed Intel’s (INTC) Thursday's 7% stock decline to a light second-quarter guidance, uncertainty around a potential 20% workforce reduction, and increased competition from AMD (AMD) in the PC market. Intel’s first-quarter data center beat was driven by AI head node sales linked to Nvidia (NVDA) GPUs, but Rolland…