Reported 25 days ago
A year after promoting its AI chips, Intel has struggled to meet sales expectations, particularly with its Gaudi accelerator chips. Although the company's overall revenue forecast showed a positive outlook, its failure to achieve anticipated sales has resulted in significant stock depreciation. CEO Pat Gelsinger acknowledged challenges related to software and the chip's generational transition, with analysts questioning Intel's competitive position in the AI market as they face increasing pressure from rivals like Nvidia.
Source: YAHOO