SANTA CLARA, Calif.--(BUSINESS WIRE)---- $INTC--Intel Corporation today announced that John Pitzer, corporate vice president, Global Treasury and Investor Relations, will participate in fireside chats to discuss Intel's business and strategy at the following investor events: On Nov. 18 at 12:20 p.m. PT: RBC Capital Markets Global Technology, Internet, Media and Telecommunications (TIMT) Confere...
Intel Corp (NASDAQ:INTC, ETR:INL)'s chief technology and artificial intelligence officer, Sachin Katti, is leaving the chipmaker to lead compute infrastructure efforts at OpenAI, the company behind ChatGPT. Katti, who had held the top AI role at Intel for seven months, announced the move on social media, saying he was “excited for the opportunity to work with Greg Brockman, Sam Altman and the O...
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $INTC--Intel Corporation (NASDAQ: INTC) today announced that Craig H. Barratt, Ph.D., 63, has been appointed to its board of directors, effective immediately. Dr. Barratt will serve as an independent director. “Craig is a highly accomplished technology leader with a proven ability to innovate, scale, and transform businesses,” said Lip-Bu Tan, Intel CEO....
Intel CEO Lip-Bu Tan will oversee the chipmakers artificial intelligence efforts after the firm's chief technology officer departed for ChatGPT maker OpenAI, Intel said in a statement.
Intel stock has surged 93% in three months as the company unveils new AI strategies and partnerships. The upcoming Crescent Island chips target AI inference tasks rather than competing directly with Nvidia's training-focused processors.
U.S. stocks surged on Monday as optimism over a U.S. government reopening boosted risk appetite. Nvidia, Intel, and AMD are all set to gap higher, with strong uptrends intact and pullbacks likely offering renewed buying opportunities.
All sectors in the Russell 1000 Value were in the positive save for Consumer Staples. Portfolio stock selection was a positive (+240 bps) in the quarter led by Intel (INTC), Seagate Technology (STX), and Tapestry (TPR). Fiserv (FI), Intercontinental Exchange (ICE), and IBM (IBM) were the weakest performers in the quarter.
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