Can Intel Be the Turnaround Stock of 2025? Is the Time to Buy Now? [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
However, with Lip-Bu Tan being appointed as its new CEO, can Intel be the year's top turnaround stock, and an enticing buy? Can its shares scale upward consistently after falling to levels touched in 1997? Let's explore – For some time, Intel's manufacturing business has been struggling, and the company remains a minor player in the artificial intelligence (AI) semiconductor market. Intel's shares haven't fared well over the past year, falling 47.8%, as its previous CEO, Pat Glesinger, failed to boost the company's product lineup. However, Lip-Bu Tan's appointment as the CEO of Intel, effective March 18, has been well-received by Wall Street. Intel's shares gained more than 10% in the extended trading session, following the appointment as investors remained optimistic about Tan's capability to restore stability at Intel and return the company to its past glory as a chip leader. This is because Lip-Bu Tan's stint in the semiconductor industry has been fruitful. When he played the
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