ChipsET Techabout 4 hours ago
Intel Stock Plunges 30% on Weak PC Demand
3 min read
Intel stock fell 29% to $64.54 after reporting fourth-quarter revenue of $16.5 billion. Client computing revenue dropped 5% to $8.1 billion, while data center and AI revenue rose 78% to $7.3 billion. CEO Lip-Bu Tan expressed disappointment over missing strong customer demand.
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