On Thursday, March 13, 2025, the S&P 500 fell by 1.4%, entering a correction for the first time since 2023 due to concerns about the economy.
On Thursday, US stock market indexes ended the day lower after Trump issued a warning about a potential 200% tariff on alcohol.
Intel's investment strategy focuses on the crucial role of semiconductor manufacturing for future economies and military needs, which is pushing the U.S. to increase local production. The company's challenges are linked to previous leadership choices, as AMD and Nvidia have taken away some of its market share, and high manufacturing costs require outside help. A possible partnership with companies like AMD, Nvidia, Qualcomm, Broadcom, and TSMC could help Intel recover by providing better integration and a larger market presence.
Intel Corporation's shares (NASDAQ:INTC) jumped over 15% on Thursday after Wall Street reacted positively to the appointment of new CEO Lip-Bu Tan on Wednesday. This change comes just three months after the company removed its previous CEO, Pat Gelsinger.
Vivek Arya, a senior semiconductor analyst at Bank of America, appears on 'The Exchange' to explain why the market is reacting favorably to the announcement of Intel's new CEO. He also talks about whether Intel's potential breakup is now complete and covers other related topics.
The new leader has been given the job of restoring the chipmaker's success after it faced significant losses in recent years.
Intel Corp has named Lip-Bu Tan, an experienced professional in the industry, as its new CEO. Analysts at Bank of America think this change could greatly enhance the company's chances of recovery. As a result, they have changed Intel's stock rating from 'Underperform' to 'Neutral' and increased their price target from $19 to $25.
Intel's stock (NASDAQ: INTC) has been consistently declining since the end of 2023.
Intel (INTC) has appointed Lip-Bu Tan as its new CEO, starting on March 18. Dan Newman from the Futurum Group joins Brad Smith and Madison Mills on Morning Brief to talk about the new leader and the future of Intel and its foundry operations, particularly with President Trump warning about potential cuts to CHIPS Act funding for semiconductor firms.
Wall Street reacted favorably to the news of Lip-Bu Tan becoming Intel's new CEO. However, the future of Intel's stock may be challenging.