In April 2025, Intel was trading at $18. Fourteen months later it hit an all-time high. The turnaround was not built by Intel alone.

In April 2025, Intel’s stock was trading at 18 dollars. The company had fired its CEO three months earlier, lost the AI chip race to Nvidia so completely that analysts had stopped including it in competitive comparisons, and was being discussed in the financial press primarily as an acquisition target or a candidate for dismemberment. […]

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