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Intel working with bankers to present board with strategic options, sending shares up 10% - TL;DR CNBC

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

Tickers: MSINTCNVDA

Keywords: breaking news: technologypat gelsingerbreaking newstechnologyintel corpnvidia corpbusiness newsmorgan stanleyipo

Source: https://www.cnbc.com/2024/08/30/intel-working-with-bankers-to-present-board-with-strategic-options.html


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