Intel Corp. disappointed analysts with its short- and medium-term goals in an investor day Thursday, and analysts collectively shook their head at an "absurdly bullish" long-term forecast for which "shares are pricing in little [to] no chance of success." Read More...
Reuters
Intel’s new chip plans could turn rival AMD’s fortunes- analysts
Intel Corp’s latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc, its biggest rival in the server and PC market, a chance to build a greater foothold in the segment, analysts said. Intel, which plans large investments in chip technologies in the next four years, said on Thursday it expects revenue from its segment housing PCs to grow in low to mid single digits, and its datacenter and AI business to grow in high teens from 2023 through 2026. AMD’s market cap briefly breached Intel’s earlier this week when it closed its $50 billion Xilinx deal.
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