Intel (NASDAQ:INTC) stock is now where Advanced Micro Devices (NASDAQ:AMD) was when it named Lisa Su as CEO. It’s on the bottom.
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Bob Swan, who was chief financial officer becoming CEO, recruited Pat Gelsinger from VMWare (NYSE:VMW) to succeed him. Gelsinger took office in February, with the stock not too far from its current $55/share level. He then announced the transformation of the company. He plans to invest $100 billion to make Intel a chip foundry against Taiwan Semiconductor (NYSE:TSM).
It’s a bold plan.....More>>>