Intel crashes after forecast shock – AI agents could quintuple CPU market
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Intel falls about 23% in after-hours trading due to disappointing quarterly outlook. The data center division grows by 78%, while CEO Lip-Bu Tan believes a server CPU market exceeding $200 billion is possible. Oracle plans more Xeon capacity, but bottlenecks and investments hinder the turnaround. Intel (INTC) benefits from the boom in server processors for AI data centers. However, weak PC sales, production issues, and high investments weigh on the business outlook. This is reflected in the figures from October 29. AI agents could expand...
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