20 AI News You Probably Missed

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16. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. The speculation around the company selling core assets has diverted some of the focus that was on a management-led turnaround in priorities for the chipmaker. Intel Corporation (NASDAQ:INTC) CEO Pat Gelsinger recently penned a note to staff that the company was more than halfway to its workforce reduction target of roughly 15,000 by the end of the year, mostly through voluntary early retirement and separation offerings. He added that the firm was implementing plans to reduce or exit about two-thirds of its real estate globally by the end of the year, as well as working to carefully manage cash in order to improve the balance sheet and liquidity.

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