Intel Client Computing Group Revenue Down 12%, Data Center And AI Group Revenue Down 15%
Portfolio Pulse from Bill Haddad
Intel's Client Computing Group revenue has decreased by 12%, while its Data Center and AI Group revenue has fallen by 15%.
July 27, 2023 | 8:04 pm
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Intel's revenue from its Client Computing Group and Data Center and AI Group has decreased by 12% and 15% respectively.
Intel's revenue decline in two of its major business segments could negatively impact its stock price in the short term. Investors may perceive this as a sign of weakening demand for Intel's products, which could lead to a sell-off of the stock.
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