Intel Stock Rises. Why the Market Is Excited About New CEO’s Big Changes. - Barron's
1. Intel's stock rose 2.0% after CEO Lip-Bu Tan's appointment. 2. Tan plans to cut middle management and enhance chip manufacturing. 3. Intel's foundry lost $13.4 billion last year, indicating urgent reforms. 4. New AI chip architecture expected by 2027 to boost semiconductor presence. 5. Intel struggles against Nvidia and Broadcom in the AI hardware market.