PC market recovery gathers pace as Intel, AMD tout potential of 'AI PC'

  • 📰 Reuters
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

The earnings of Intel (INTC.O) and Advanced Micro Devices (AMD.O) have offered more evidence a recovery is gathering pace in the personal computer market, boding well for an industry that had been grappling with a supply glut after the pandemic.

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photohave offered more evidence a recovery is gathering pace in the personal computer market, boding well for an industry that had been grappling with a supply glut after the pandemic.

AI-enabled PCs refer to machines that come with advanced chips capable of running large-language models and apps powered by the technology directly on the device, instead of the cloud. "We are finally starting to see a bottoming of this trend. This should lead to a typical inventory refresh and an improvement in the market."PC makers have been trying to clear their inventory as they expect a boost in demand during the holiday season and ahead of an expected Windows update next year from Microsoft

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PC market recovery gathers pace as Intel, AMD tout potential of 'AI PC'PC market recovery gathers pace as Intel, AMD tout potential of 'AI PC'
Source: Investingcom - 🏆 450. / 53 Read more »

AMD Reports Earnings Today. What to Expect.The consensus is that Advanced Micro Devices will report quarterly revenue of $5.7 billion with adjusted earnings per share of 68 cents.
Source: MarketWatch - 🏆 3. / 97 Read more »

AMD earnings on deck with AI ramp, China export restrictions in focusAMD, which is looking to ramp its new generation of AI chips, will post fiscal first quarter earnings after the close of trading Tuesday.
Source: startelegram - 🏆 248. / 63 Read more »

Stocks mixed into Fed meeting, new Apple MacBooks, Caterpillar and Pfizer earnings, AMD on DeckStocks mixed, Apple, Caterpillar, AMD, Pfizer
Source: startelegram - 🏆 248. / 63 Read more »