Intel Stock Plunges on Weak Revenue Forecast, Poised for Record Loss
Published 15 h ago3 sourcesEvidence: Reported
Intel reported a 21% year-on-year revenue increase in Q3, driven by a 78% surge in data center and AI unit revenue to $7.3B, the strongest growth in 15 years. This signals robust demand for AI infrastructure and a potential turnaround for Intel, though sustainability and market share dynamics remain uncertain.
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