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Nokia Names Intel’s Data Center and AI Head Justin Hotard
Nokia Names Intel’s Data Center and AI Head Justin Hotard as New CEO
Nokia appointed Justin Hotard, a tech industry expert in data centers and AI, as its next CEO, in a move that reinforces the company’s ambition to expand into new growth areas.
Analysis: Intel Data Center Boss Justin Hotard Leaves After CEO, AI Chip Shake-Ups
Intel data center and AI boss Justin Hotard is leaving to become Nokia’s next CEO—a move that happened not long after the chipmaker dealt with big shakeups to its leadership team and AI chip strategy.
Who is Justin Hotard, Nokia’s next CEO? 5 things to know about him
Nokia’s CEO Pekka Lundmark will step down on March 31, 2024, to pursue new opportunities. Justin Hotard from Intel will succeed him on April 1, aiming to drive Nokia’s growth in data centers and AI, critical to the company’s future strategy.
Intel Stock Jumps
Why Intel Stock Is Soaring Today
Intel stock was also aided by comments made by Vice President JD Vance in today's keynote speech at the Paris AI summit. The vice president promised that the U.S. would safeguard American AI technologies and urged regulators in Europe to reduce regulations targeting AI.
Intel Stock Jumps as VP Vance Says AI Chips Will Be Made in US
Key Takeaways Intel shares soared Tuesday after Vice President JD Vance said the Trump administration will take steps to ensure AI chips are designed and manufactured domestically.The administration's efforts could benefit Intel's struggling foundry division,
Intel stock jumps after JD Vance's speech supporting U.S.-made AI
Intel Corporation (NASDAQ:INTC) stock rose sharply Tuesday in lieu of comments from U.S. Vice President JD Vance about U.S. manufacturing of AI chips. At 12:35PM ET, shares of Intel were up 7.5%. Vance delivered a keynote speech at the 2025 Paris Artificial Intelligence Action (WA:ACT) Summit early Tuesday.
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17h
Intel suffers another blow after C-level staffer leaves to run Nokia
After Intel lost its CEO Pat Gelsinger, the company has suffered another blow as its CEO of Datacenter and AI has now ...
1d
Intel (NASDAQ:INTC) Loses its AI Chief to Nokia
So chip stock Intel (INTC) just lost Justin Hotard to Nokia Oyj (NOK). This might seem like a blow to Intel’s operations, but ...
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