Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest ever quarterly loss, and Data Center and AI revenue down 39% YoY to $3.7B (Kif Leswing/CNBC)

by #AI April 27, 2023 · Automatic

Kif Leswing / CNBC:
Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest ever quarterly loss, and Data Center and AI revenue down 39% YoY to $3.7B — – Intel reported first-quarter results on Wednesday that showed a staggering 133% annual reduction in earnings per share.