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Stockreport

Intel is moving into GPUs and has hired a chief architect, CEO Lip-Bu Tan says [CNBC]

Intel Corporation (INTC)  More Company Research Source: CNBC
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
The chipmaker's foundry business is still lacking an anchor customer. Intel has received recent backing from the U.S. government, SoftBank and Nvidia. In this article Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel CEO Lip-Bu Tan said Tuesday that the chipmaker has appointed a new chief architect to build out graphics processing units, or GPUs. The chips, made by the likes of Nvidia and Advanced Micro Devices , power large language models and have skyrocketed in demand as companies race to build out artificial intelligence infrastructure and data centers. Tan told the audience at the Cisco AI Summit that it took “some persuasion” to convince the new executive to join the chipmaker. Tan did not name the new hire. Intel's stock has rallied over the last year as investors gain optimism about the company's foundry business , [Read more]
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Stockreport

Intel is moving into GPUs and has hired a chief architect, CEO Lip-Bu Tan says [CNBC]

Intel Corporation  (INTC) 
More Company Research Source: CNBC
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
The chipmaker's foundry business is still lacking an anchor customer. Intel has received recent backing from the U.S. government, SoftBank and Nvidia. In this article Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel CEO Lip-Bu Tan said Tuesday that the chipmaker has appointed a new chief architect to build out graphics processing units, or GPUs. The chips, made by the likes of Nvidia and Advanced Micro Devices , power large language models and have skyrocketed in demand as companies race to build out artificial intelligence infrastructure and data centers. Tan told the audience at the Cisco AI Summit that it took “some persuasion” to convince the new executive to join the chipmaker. Tan did not name the new hire. Intel's stock has rallied over the last year as investors gain optimism about the company's foundry business , [Read more]
IMPACT SNAPSHOT
EVENT TIME:
INTC
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS