Shares of Intel rose 6.97% to $56.95 at 16:39 EST on Wednesday, following last session’s upward trend. NASDAQ Composite is rising 0.43% to $13,128.95, following last session’s upward trend, This seems, so far, a somewhat positive trend exchanging session today.

Intel’s last close was $53.24, 21.67% under its 52-week high of $69.29.

News about Intel today

Intel CEO bob swan is replaced by vmware’s pat gelsinger. According to today’s article on Bloomberg Quint, "Santa Clara, California-based Intel is scheduled to hold a board meeting on Wednesday."

Intel ousts chief executive bob swan. According to today’s article on The Wall Street Journal, "Mr. Gelsinger rejoins Intel where he was once the technology chief after serving as CEO of the business-software provider since 2012.", "Third Point Chief Executive Daniel Loeb in a December letter to Intel Chairman Omar Ishrak said the company’s woes could threaten the U.S. tech industry and urged the chip maker to consider alternatives, including selling some of its acquisitions and splitting its design and manufacturing operations-a move that would end Intel’s long-held status as America’s leading integrated semiconductor maker."

Intel is replacing CEO bob swan with vmware CEO pat gelsinger. According to today’s article on Business Insider, "After careful consideration, the board concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel," Omar Ishrak, independent chairman of the Intel board, said in the press release.", "Krzanich resigned after the company’s board discovered an affair between him and an Intel employee that began before he resumed his role as CEO and ended in 2013, according to the Wall Street Journal."

Intel goes back to roots with gelsinger to regain chip lead. According to today’s article on Bloomberg Quint, "Other Intel leaders have argued that chip design technology has changed for good and that a hybrid approach of doing some work inside and some outside was the right way forward.", "He is at the same time an outsider — coming from a much smaller and agile organization which has been successful in the last couple of decades at creating a new ecosystem and set of industry standards with multiple fundamental innovations — and an Intel veteran." Intel shares jumped 8% and VMware fell 7% after the leadership change on Wednesday."

Intel’s Sales

Intel’s sales growth is a negative 13.7% for the current quarter and a decline by 18.9% for the next. The company’s growth estimates for the ongoing quarter and the next is a negative 27.6% and a negative 35.2%, respectively.

Intel’s Revenue

Year-on-year quarterly revenue growth declined by 4.5%, now sitting on 78.1B for the twelve trailing months.

Volatility

Intel’s last day, last week, and last month’s average volatility was 3.30%, 1.03%, and 0.27%, respectively.

Intel’s last day, last week, and last month’s high and low average amplitude percentage was 4.42%, 3.07%, and 3.01%, respectively.

Intel’s Stock Yearly Top and Bottom Value

Intel’s stock is valued at $56.95 at 16:39 EST, way under its 52-week high of $69.29 and way above its 52-week low of $43.61.

Intel’s Moving Average

Intel’s value is way higher than its 50-day moving average of $49.54 and way above its 200-day moving average of $50.59.

Previous days news about Intel

Samsung surges after Intel is said to consider chip outsourcing. According to Bloomberg Quint on Monday, 11 January, "Any components that Intel might source from Taiwan wouldn’t come to market until 2023 at the earliest and would be based on established manufacturing processes already in use by other TSMC customers, said the people, asking not to be identified because the plans are private.", "As the provider of 80% of personal computer and server processors globally, Intel produces hundreds of millions of chips each year. "

Intel says 10-nanometer server chips coming in first quarter. According to Bloomberg Quint on Monday, 11 January, "New models will have improved security, more computing cores and be better suited to dealing with artificial intelligence workloads, Intel said on Monday.", "Today marks a significant milestone for Intel as we continue to accelerate the delivery of our 10 nanometer products and maintain an urgent focus on execution to deliver a predictable cadence of leadership products," said Navin Shenoy, executive vice president and general manager Intel’s Data Platforms Group."

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