Intel Stock Soars Nearly 12% In Thursday Pre-Market. What's Going On? - Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD)
1. Intel appointed Lip-Bu Tan as the new CEO effective March 18. 2. Tan aims to address Intel's competitive shortcomings and accelerate progress. 3. Intel's shares rose 11.6% following the CEO announcement. 4. TSMC is initiating talks with AMD and others about a joint venture. 5. Intel's share price has dropped 52% over the past year.