Intel AI head Justin Hotard to depart from chipmaker By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2025
0mins
Should l Buy INTC?
Source: Investing.com
Leadership Changes at Intel and Nokia: Justin Hotard, head of Intel's data center and AI division, is stepping down amid a leadership shake-up following the ousting of former CEO Pat Gelsinger. Hotard will become CEO of Nokia on April 1, replacing Pekka Lundmark.
Nokia's Growth Strategy: Nokia aims to expand beyond telecoms, focusing on data centers as a key growth area, particularly in relation to AI capabilities, with Hotard bringing extensive experience in technology and innovation to drive this strategy.
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Analyst Views on INTC
Wall Street analysts forecast INTC stock price to fall
29 Analyst Rating
5 Buy
19 Hold
5 Sell
Hold
Current: 115.930
Low
20.00
Averages
39.30
High
52.00
Current: 115.930
Low
20.00
Averages
39.30
High
52.00
About INTC
Intel Corporation is a global designer and manufacturer of semiconductor products. The Company's segments include Intel Products, Intel Foundry, and All Other. Its Intel Products comprise Client Computing Group (CCG) and Data Center and AI (DCAI). CCG delivers platforms and processors that power PCs and edge devices, enabling enhanced performance, connectivity and user experience for consumer and commercial markets with capabilities that also support retail, industrial robotics and AI ecosystems at the edge. DCAI delivers workload-optimized solutions based upon its x86 architecture for data centers, including CPUs, AI accelerators, NICs, IPUs and custom ASICs, enabling performance and scalability for cloud, enterprise, telecommunication and HPC environments. The Intel Foundry segment comprises technology development, manufacturing and foundry services, developing new semiconductor process technologies and advanced packaging technologies. All Other segments include Mobileye and Other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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