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Intel Beats Earnings Expectations Despite Slower PC Market

Analysts were expecting Intel to make some money, but the chipmaker beat everyone's expectations, including their own. According to All Things D, Intel reported revenue of $11.5 billion with sales up 8% year over year. But with that sales increase, profits were up 48%. As you might expect, Intel's shares are selling up on the news. Gartner is reporting that PC sales ended up weaker than expected in the 4th quarter, so these results are even more impressive.

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newenterprise.allthingsd.com
60°

Intel CEO thinks chip shortage could extend into 2024

Last Friday, Intel CEO Pat Gelsinger told CNBC he thinks the chip shortage will last into 2024.

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techspot.com
60°

The Radeon RX 6500M outperforms the Intel Arc A370M in AMD benchmarks

The Radeon RX 6500M outperforms the Intel Arc A370M in AMD benchmarks. This week, Intel unveiled its Arc laptop GPUs, which featured the A370M from the Arc 3

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techacrobat.com
80°

AMD has a larger market cap than Intel for the first time in history

AMD has a larger market cap than Intel for the first time in history. Since its initial Zen architecture in 2017, AMD's fortunes have improved dramatically.

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techacrobat.com