Intel stock has been sliding under CEO Pat Gelsinger, erasing the performance-based equity awards he was granted when he became the chip maker’s top executive. If shares don’t assume an Nvidia-like trajectory soon, he stands to see more than $100 million in paper value wiped out.
Since Gelsinger became Intel CEO on Feb. 15, 2021, shares have dropped 63% to $22.68 at Friday’s close from $61.81.
Shares of the chip maker have lost more than half their value for the year to date alone, and set a multiyear low of $18.51 on Sept. 10. Intel stock last traded below $19 in October 2010.
https://www.barrons.com/articles/intel-stock-nvidia-ceo-dbf970ff