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Intel stock plunges after CEO's strategy shift

On Friday, Intel shares tumbled 8.5% as remarks from CEO Lip‑Bu Tan prompted concerns that he’s emphasizing expense reductions at the expense of the company’s technical supremacy. In the Q2 earnings call, Tan said he’s pausing some factory projects and being more cautious with spending. He criticized the investments made under former CEO Pat Gelsinger […]

Source: cryptopolitan.com (Read Full Article)