💨 Abstract

Intel's Q1 revenue forecast fell short of estimates due to weak demand for traditional data center chips and declining PC market share. The company is facing stiff competition in the AI chip market, led by Nvidia. Intel's outlook reflects seasonal weakness, macro uncertainties, and competitive dynamics. The company has scrapped a 2024 forecast for its AI processors, Gaudi, due to lack of competitiveness.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖