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ZDNET's key takeaways
Intel has seen strong market performance in the past months.
This deviates from a years-long trend.
The turnaround can be attributed to new AI deals.
For nearly four years, Intel's then-CEO, Pat Gelsinger, attempted to turn around the semiconductor giant. But he failed: the company's stock ultimately declined 61% during his tenure.
Gelsinger resigned almost a year ago; his replacement, Lip-Bu Tan, was met almost immediately with a broadside from President Trump, who told Intel's board to oust him due to his China-linked investments and perceived conflicts of interest.
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Defying the odds, Tan survived -- he attracted $16 billion in investments from the US government (which has become Intel's largest single investor with a 10% share), Nvidia, and Softbank; focused on trimming expenses; and gave investors hope that a turnaround is finally underway.
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