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Intel Third-Quarter Sales Slip Amid Shaky PC Market

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Personal computer and server chips sagged, but sales overall beat forecasts and the chip maker’s own projections

Intel and other chip makers are hoping consumers will flock to future PCs with chips designed for AI calculations.

Intel’s sales and profits fell in its latest quarter as weak personal-computer sales damped the market for its chips, and gains from surging interest in artificial intelligenceThe company’s $14.2 billion in third-quarter sales were 8% below the year-earlier period but above Wall Street forecasts in a survey of analysts by FactSet. Net income of $310 million was sharply lower but also above expectations.

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Intel Third-Quarter Sales Slip Amid Shaky PC MarketPersonal computer and server chips sagged, but sales overall beat forecasts and the chip maker’s own projections
Source: WSJ - 🏆 98. / 63 Read more »