Why did Intel shares skyrocket 15% in a day?

Pragya Swastik, Published on Mar 13th, 2025

Why did Intel shares skyrocket 15% in a day?

American computer chipmaker Intel's shares skyrocketed over 15% on Thursday after the company appointed former board member Lip-Bu Tan as its new CEO following Pat Gelsinger's ouster. Tan exited Intel's board last year over differences about the chipmaker's direction. He's a longtime tech investor and widely respected executive with more than 20 years of semiconductor and software experience.

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