Intel Stock Steady Amid Leadership and Strategic Shifts

Published 19 hours agoINTC

Intel Stock Steady Amid Leadership and Strategic Shifts

As of May 10, 2025, Intel Corporation's shares are slightly up, trading at $21.42 with a minor increase of $0.33 from the previous close. This comes amidst ongoing shifts in leadership and strategic directions aimed at reversing recent challenges. The intraday volume for Intel reached 51,768,565, with prices fluctuating between a high and low of $21.39 during trading hours.

In recent developments, Intel has been undergoing significant changes in its strategic and organizational structures. Back in December 2024, CEO Pat Gelsinger was replaced due to investor dissatisfaction, and now the company is temporarily led by co-CEOs David Zinsner and Michelle Johnston Holthaus. Additionally, Reuters reported that Intel plans to cut over 15% of its workforce and suspend dividends in a bid to improve its struggling manufacturing business. Furthermore, Intel introduced the Gaudi3 AI chip, positioning itself against rivals like Nvidia and AMD.

Analysts remain cautious about Intel's future prospects, with Morgan Stanley recently lowering the stock's price target to $25 while maintaining an 'Equalweight' rating. Reuters noted that Intel’s stock is rated 'Reduce' by most analysts, with a consensus target of $27.04 indicating a potential for a modest upside. Meanwhile, a shift in market share and valuation challenges add complexity to the company's outlook, as Intel continues to focus on transitioning its business model within the competitive tech landscape.

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