Wall Street Breakfast Intel CEO steps down in surprise move
Dec 2, 2024
Intel's sudden leadership shakeup brings co-CEOs to the forefront, raising eyebrows in the tech world. Cybersecurity stocks face a shakeup with revised ratings from Morgan Stanley, reflecting the market's evolving landscape. OpenAI is exploring new advertising strategies, hinting at significant monetization opportunities ahead. Additionally, projections indicate a decline in commodity prices by 2025, driven by shifting global market dynamics.
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Intel CEO Transition
- Intel CEO Pat Gelsinger retired and will be replaced by co-CEOs David Zissner and Michelle Johnston Holthaus.
- Intel shares are down 50% year-to-date but rose slightly after the announcement.
Cybersecurity Stock Ratings
- Morgan Stanley upgraded Okta and Cloudflare while downgrading SentinelOne and Tenable.
- These ratings changes reflect anticipated shifts in the cybersecurity market's demand and competitive landscape.
OpenAI Explores Advertising
- OpenAI is exploring advertising within its products to generate new revenue streams.
- Despite this exploration, OpenAI's CFO claims there are no active plans to pursue advertising currently.