Intel shares slide as Gelsinger exit leaves chipmaker without a ‘quick fix’ Intel shares fell more than 5% on Tuesday, a day after the chipmaker announced the ouster of CEO Pat Gelsinger.

Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel Nvidia is replacing Intel in the Dow Jones Industrial Average, a shakeup that reflects a massive change in the semiconductor industry.

Chipmaker GlobalFoundries Faces $500,000 Fine for Banned Shipments to China The Biden administration said it had reached a settlement after the U.S. chipmaker voluntarily disclosed that it had shipped products to a firm linked with China’s military industrial complex.

Intel drops 8% after chipmaker reports hefty loss in foundry business Intel shares closed down 8% after the company disclosed long-awaited financials for its foundry business, revealing an operating loss of $7 billion in 2023.

World’s largest chipmaker TSMC sees biggest drop in profit in nearly five years TSMC posted a third quarter profit of NT$211 billion – its largest profit decline since first quarter 2019 – as weak demand for consumer electronics persists.

Nvidia’s blowout earnings report shows chipmaker is gobbling up all the profit in AI Nvidia’s prodigious cashflow contrasts with its top customers, which are spending heavily on AI hardware and building multi-million dollar AI models.

Nvidia stock jumps 7% after Morgan Stanley says chipmaker benefits from ‘massive shift’ in A.I. With companies flocking to generative artificial intelligence, Nvidia is poised to keep benefiting, Morgan Stanley analysts said in a report.