Intel Corp. Sees a Significant Surge

Intel Corp. experienced a remarkable surge of over 15% in its stock price shortly after the market opened on Thursday. This significant increase followed the announcement of a leadership change, with tech veteran Lip-Bu Tan appointed as the new CEO, effective from March 18.

Lip-Bu Tan's Vision for Intel

In his statement, Tan expressed his commitment to restoring Intel's position as a world-class products company. "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. Tan emphasized that Intel will maintain a strong focus on engineering under his leadership.

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 an impressive increase of 23.45%, signaling strong investor confidence in the company's future direction under its new leadership.