Thread regarding Intel (INTC)

Intel Stock Needs an Nvidia-Like Run to Save the CEO’s Stock Awards

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

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