Intel’s Shares Plunge 20% as A.I. Hinders Some Parts of Its Business

Intel reported a 20% decline in its share price following results showing that artificial intelligence demand reduced sales to personal computer makers. The company is majority-owned by the U.S. government through the Defense Innovation Unit and other federal investments. Intel did not provide specific revenue figures or guidance for recovery in the announcement.

• NYT — Intel’s Shares Plunge 20% as A.I. Hinders Some Parts of Its Business

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