Things Are So Bad at Intel That the Boss Is Posting Bible Verses

4 months ago 45

Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia Corp.

U.S. trading was a bloodbath on Monday as stocks tumbled, online brokerages went dark, and fears of a recession loomed.