Bloomberg Intelligence Intel CEO Forced Out, France Turmoil
5 snips
Dec 2, 2024 Timothy Fiore, Chair for ISM’s Manufacturing Business Survey Committee, shares insights on unexpectedly strong manufacturing data and its implications for the economy. David Waddell, CEO and Chief Investment Strategist at Waddell & Associates, discusses market outlook amid shifting political landscapes. Enrique Gonzalez, BNEF Head of US Gas Research, examines the future of U.S. LNG exports and the impact of policy changes. The conversation highlights Intel’s CEO dismissal and broader market dynamics driven by geopolitical uncertainty.
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Intel CEO Ousted
- Intel's board forced out CEO Pat Gelsinger due to concerns about the company's progress in the AI market.
- Doubling down on the foundry business may have been a strategic misstep, hindering Intel's turnaround.
Intel as PE Play
- Intel may be more attractive as a private equity play, given its current challenges.
- Splitting the company, particularly spinning off the foundry business, could unlock value.
Super Micro's Uncertain Future
- Super Micro's internal investigation found no evidence of fraud, but questions remain.
- The company's share price hasn't fully recovered, indicating lingering reputational damage.