Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest quarterly loss yet, and Data Center and AI revenue down 39% YoY to $3.7B
Microsoft and Intel's fortunes have now diverged. … Tweets: Stephen Shankland / @stshank : Another hard quarter for Intel, with a net loss of $2.8B on revenue of $11.7B, but not as deep as expected, and stock up 2% in after hours trading. $INTC is expecting a “modest recovery” in the second half of 2023. 1/n https://twitter.com/... Stephen Shankland / @stshank : Plunging revenue for client computing group (PC processors) but still positive operating margin, which is more than can be said for the data center/AI group (DCAI). 2/n https://twitter.com/...