Dec 6, 2024
 in 
Hot Stocks 🔥

Intel Down 5.28%, After CEO Resigns | Nemo

Name of opportunity: 👀

Intel Corporation 

Decrease in price 👇

Intel Corporation has fallen over 5% in the past day, and by 12.24% in the past week.  One of the reasons why Intel stock has dipped significantly recently might be due to the resignation of CEO Pat Gelsinger.

Intel is an income stock, which means it pays a portion of its profits out in dividends for shareholders. Intel’s dividend yield is 2.33% - offering investors a modest return. This means if you invested $1000, you might be paid $23.30 a year in dividends (based on the last 12 months).

How hot is this investment opportunity? 🔥🔥

Analysts predict the price of Intel Corporation might increase from $20.80 to $36.24 in the next 12 months. If you invested $1000, you might profit $742.35.

Analysts are predicting that Intel might increase in price over the next 12 months. This might be because Intel is a leading manufacturer in semiconductor technology, and also provides AI solutions - which is a hot topic currently.Some have suggested that Gelsinger held back the company from capitalising on new AI tech as much as it might have done during his tenure - what will the next CEO’s approach be like?

Because of the CEO's resignation, some investors are raising concerns about the company's future, as it’s currently hard to predict.

When there is uncertainty around the direction of a company, it can cause fluctuations in the stock’s price, which seems to be the case for Intel Corporation currently.

About the technology company 🖥️

Intel Corporation is an American technology company that is headquartered in Santa Clara, California, United States. Intel Corporation specialises in manufacturing computer components and semiconductor technology. Intel sells various products to both business and consumer markets across the world.

Which neme?: 🔍

Biggest Losers Today’, ‘Gaming’, 'Stocks On The Move’, ‘Microchips’.

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Han Tan

Han Tan is Chief Market Analyst at Nemo.money, bringing over a decade of experience in financial markets as both a seasoned journalist and analyst. Known for his sharp insights into stocks, currencies, and commodities, Han has become a familiar face to national audiences through appearances on Bloomberg TV Malaysia, BFM 89.9, and NTV7 — earning him a trusted reputation in financial media. Before joining Nemo, Han served as Market Analyst at Exinity Group from 2019, where his commentary on macroeconomic trends and market-moving news was regularly featured by global outlets including Reuters, Bloomberg, CNN, BBC, and AFP. Today, Han brings that same clarity and depth to Nemo’s community, delivering content-led ideas that empower first-time investors to confidently navigate global markets.