Reported 29 days ago
Intel is poised to report its largest quarterly revenue drop in five quarters, with forecasts indicating an 8% decline to $13.02 billion. The company faces challenges in maintaining its market share in data centers and PCs, struggling to adapt to the generative AI chip surge. Despite CEO Pat Gelsinger's efforts to revitalize Intel through new deals and cuts, investor confidence remains shaky, especially as competitors like AMD gain ground. Concerns about Intel's foundry services and market strategies continue to loom.
Source: YAHOO