We all knew that new CEO Lip-Bu Tan was going to make some changes at chip stock Intel (INTC). We were hoping for it, in some sense; clearly,

Since Intel Corp. announced that Lip-Bu Tan would take over as CEO last week, the company’s shares have soared. Now, as Tan assumes his job, it is far from clear how he will fulfill the big hopes that have been placed on his shoulders.

Intel lags Nvidia and AMD in AI chips and quantum computing, making their competitive position weak. Read why I'm skeptical of INTC stock despite the new CEO.

Jensen Huang, chief executive of Nvidia, stated that his company had not been approached to participate in a group effort to acquire a stake in a company that would operate Intel's foundry unit. He dismissed claims that Nvidia was working with industry peers and TSMC on such a deal at a press conference at GTC,

TSMC reportedly approached Nvidia about a joint venture to acquire Intel's foundry business. Jensen Huang denied being part of a consortium attempting to break up