Intel CEO Needs Path to Profits to Win Over Stock Skeptics

Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call that turning around the troubled chipmaker would take time. Three months later, investors are already losing patience.

Sure, Intel shares are up about double-digits since Tan’s appointment was announced in March, but that’s nothing compared to rivals such as Nvidia Corp., which has seen its stock price soar 50% over the same period, or Advanced Micro Devices Inc., which has jumped 60%.