Intel said first-quarter demand for its central processors from AI service firms was strong enough that it sold chips it had previously written off, signaling a meaningful improvement in demand and inventory quality. The news points to better-than-expected utilization of legacy inventory and reinforces AI-related demand as a support for Intel's turnaround. Shares surged on Friday following the update.
Intel said first-quarter demand for its central processors from AI service firms was strong enough that it sold chips it had previously written off, signaling a meaningful improvement in demand and inventory quality. The news points to better-than-expected utilization of legacy inventory and reinforces AI-related demand as a support for Intel's turnaround. Shares surged on Friday following the update.
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