Intel CEO change gives investors buying opportunity in AMD, Jim Cramer says – CNBC

Intel stock rallied 7% as investors welcomed the news that existing CEO Bob Swan would step down to make method for Pat Gelsinger, an Intel alum who heads VMware, to take over the role in February.” As much as Intel requires a change, what matters here is that youre now getting a possibility to buy Intels more nimble competitor, AMD, down more than three dollars, for something that may not even occur: a turn at Intel within the next 3 years,” the “Mad Money” host stated. “Gelsinger did a good task at VMware, but Intel does not really require an old Intel hand.

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