Intel working with bankers to present board with strategic options, sending shares up 10%
Publishing timestamp: 2024-08-30 05:35:10
Summary
Intel is working with advisors to come up with strategic options to address its flagging business, including potentially splitting off and selling businesses. CEO Pat Gelsinger is focused on a turnaround plan, but investors remain skeptical as the stock has dropped almost 60% this year. Intel is facing tough competition from Nvidia in the AI market.
Sentiment: MIXED
Keywords: breaking news: technology, pat gelsinger, breaking news, technology, intel corp, nvidia corp, business news, morgan stanley, ipo,