Intel without Gelsinger: What's in store for the tech giant?

On Monday, December 2, 2024, Intel announced that CEO Pat Gelsinger has stepped down after a challenging period during which he faced market share losses, slowing growth and a failure to seize the opportunity presented by artificial intelligence. Gelsinger became CEO in February 2021, when he returned to the company he had worked at for many years and took over to try to reverse its previous stagnation. Despite his efforts, however, the decline continued and the company increasingly found itself in difficulty.

A failed battle with competitors and a missed opportunity

Under Gelsinger's leadership, Intel's $INTCstock plunged by more than 60%. Despite the US government investing billions of dollars to boost chip production domestically, Intel was left behind. While competitors such as Nvidia and Qualcomm have been able to take advantage of the advent of artificial intelligence, Intel has not made the most of the opportunity. Nvidia, once a small rival, has become the second most valuable…