Intel’s revenue rose 5% to $19.2 billion in the three months to Sept. 30, but that fell slightly short of its earlier forecast, causing shares to drop 9% in after-hours trading. The results included a 2% annualized decline in PC chip sales, Intel’s largest business. On an earnings call, CEO Pat Gelsinger attributed the issues to the ongoing global chip shortage. While Intel expects the...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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