Former Intel CEO Pat Gelsinger warns the United States still faces a long road to bring advanced chip manufacturing back from Asia despite recent milestones.
Intel's stock is up sharply as Washington signals confidence in the turnaround. The underlying business is improving, and even strong growth is likely on the way.
Intel CEO Lip-Bu Tan had a successful meeting with the President of the United States. The U.S. government's investment in Intel is already solidly in the black.
Expand NASDAQ: INTC Intel Today's Change (10.90%) $4.48 Current Price $45.59 Key Data Points Market Cap $196B Day's Range $41.58 - $45.73 52wk Range $17.66 - $45.73 Volume 6.2M Avg Vol 90M Gross Margin 35.58% Intel (INTC +10.90%), designer and manufacturer of microprocessors and related semiconductor products, rose 10.8% to $45.55 on Friday. Intel IPO'd in 1980 and has grown 13,893% since going...
The S&P 500 (^GSPC +0.65%) rose 0.65% to 6,966.28, the Nasdaq Composite (^IXIC +0.81%) gained 0.81% to 23,671.35, and the Dow Jones Industrial Average (DJINDEX: ^DJI) added 0.48% to 49,504.07 as investors embraced a soft-landing narrative.
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