Reported 2 months ago
Intel is experiencing its largest share decline in 24 years after forecasting disappointing sales and announcing plans to cut 15,000 jobs, suggesting it is struggling to keep pace in the AI sector. The company's revised revenue expectations fell short of analyst predictions, revealing significant challenges as competitors like Nvidia and AMD gain ground. CEO Pat Gelsinger acknowledged the tough road ahead, emphasizing the need for drastic changes to ensure financial stability and competitiveness.
Source: YAHOO