Intel shares jumped on Friday following a Bloomberg report that the company is exploring various options to help improve its business, including a potential breakup.
KeyBanc Capital Markets equity research analyst John Vinh says investors have concerns about whether or not Intel can succeed as a service foundry, so spinning that business off would be “a step in the right direction” and likely be looked upon favorably.
When it comes to CEO Pat Gelsinger, Vinh thinks he has done a “good job” managing the company, but that “results have been disappointing, for a multitude of reasons. I don’t know how much of that you can attribute to Pat.” “Time is running out” for Gelsinger, Vinh says, with investors growing concerned that Gelsinger may not be the right leader for the company.
Watch the video above to hear why Vinh says Intel is lagging rivals when it comes to AI.
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