Analyst revisits Intel stock forecast amid surprise plans for a key spinoff
Intel, which ousted its CEO in December, is planning a major shake-up to win back investors.
Intel shares powered better in Wednesday trading, extending a modest originate for the 365 days, after the liberate of a bullish examine document tied to plans for a derivative of the chipmaker's money-losing foundry industry.
Intel (INTC) , which ousted Pat Gelsinger as chief executive gradual final 365 days amid the community's flagging turnaround, posted a blended residence of December-quarter earnings final month however vowed to accommodate new AI-targeted products for its files-heart division.
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