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☆ CNBC Daily Open: Investors are filled with the holiday spirit
▼ + stars: | 2024-12-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. $56 billion package for Musk deniedTesla CEO Elon Musk failed to get his $56 billion 2018 pay package reinstated. Crypto laws to pass 'quickly' in U.S. "We have the most pro-crypto Congress ever [in] history, we have an extraordinarily pro-crypto president coming into office," Shirzad told CNBC last week.

Persons: Carlos Tavares, Pat Gelsinger, David Zinsner, MJ Holthaus, Gelsinger, Elon Musk, Donald Trump, Faryar Shirzad, Shirzad Organizations: NYSE, The New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Intel, The, U.S . Federal, Traders Locations: New York City, Delaware, The U.S

☆ CNBC Daily Open: Investors are filled with the festive spirit
▼ + stars: | 2024-12-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Wall Street bank just refreshed its list of global stocks, including three it gave potential upside of more than 40% . $56 billion package for Musk denied Tesla CEO Elon Musk failed to get his $56 billion 2018 pay package reinstated. "The holiday season is in full swing and spirits seem bright, at least among investors," UBS wrote in a Monday note.

Persons: Goldman Sachs, Elon Musk, Pat Gelsinger, David Zinsner, MJ Holthaus, Gelsinger, Jay Hatfield, —, Hatfield, Oppenheimer, John Stoltzfus, Savita Subramanian, Lisa Kailai Han, Alex Harring, Pia Singh Organizations: CNBC, Intel, Investors, Nasdaq, Dow Jones, UBS, Conference Board, downer, Investment, Bank of America Locations: Delaware

Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1, capping a tumultuous nearly four-year leadership tenure at what was once America's leading semiconductor company but which saw its stock price and market share collapse under his tenure. Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs. Gelsinger returned to the company from VMware, where he was CEO, to stabilize Intel in 2021, replacing then-CEO Bob Swan. Gelsinger set out an audacious plan when he arrived in 2021 to transform the languishing company into a chipmaking juggernaut. Intel revealed plans in September to turn the company's foundry business into an independent subsidiary, a move that would enable outside funding options.

Persons: Pat Gelsinger, David Zinsner, MJ Holthaus, Frank Yeary, Gelsinger, Bob Swan, — CNBC's Jordan Novet Organizations: Intel, EMC, VMware, Samsung, Taiwan Semiconductor Manufacturing Company, Nvidia, CNBC, Qualcomm Locations: U.S

☆ Jim Cramer says AMD stock is a buy on Intel's CEO shakeup — 'It's winning'
▼ + stars: | 2024-12-02 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

And the Club holding should continue to benefit from Intel's woes, including the leadership transition, Jim Cramer said Monday. "It will not help Intel," Jim said. For its part, AMD's nascent AI business is gaining traction, even if it's still dwarfed in size by Nvidia. AMD is "winning big business," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Pat Gelsinger, Lisa Su, Jim Cramer, David Zinsner, MJ, Jim, Gelsinger, Su, Ben Reitzes, Reitzes, It's, Jim Cramer's, David Paul Morris, Getty Images David Paul Morris Organizations: Intel, Devices, AMD, Morning, CNBC, Nvidia, Club, Wall, Devices Inc, Bloomberg, Getty Images, Getty Locations: Silicon Valley, San Jose , California

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