Intel Corp. Experiences Significant Stock Surge

Following the announcement of a new CEO, Intel Corp. saw its stock prices soar by over 15% at the opening bell on Thursday. This remarkable surge is attributed to the appointment of tech industry veteran Lip-Bu Tan, who is set to take the helm on March 18.

In his statement, Tan expressed his commitment to restoring Intel's status as a world-class products company and establishing it as a world-class foundry. "Together, we will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before," he said, emphasizing an engineering-focused approach.

Stock Performance Overview

By 9:56 am ET, Intel's stock had jumped 15.35%, trading at $23.78. Over the past six months, the company's stock has seen a significant increase of 23.45%, indicating a positive trend in investor confidence and market performance.