TECH - Intel Is Banking On The 'Year Of AI PC' And 'Record' Notebook Shipments As Its Consumer Chips Stage A Rebound | Benzinga
Chip maker Intel Corp. (NASDAQ:INTC) is banking on Microsoft Corp.'s (NASDAQ:MSFT) vision of 2024 as the "year of AI PC" and a record number of notebook shipments in its consumers to stage a rebound.
What Happened: Intel reported a "record performance" of its consumer-focused notebook shipments during the December quarter.
"We saw sustained strength in gaming and commercial segments, along with record performance of notebook shipments in the quarter," said Intel CFO David Zinsner in a post-earnings conference call.
Intel reported a 10% year-on-year increase in its fourth-quarter revenue to $15.4 billion, beating a Wall Street consensus of $15.16 billion estimate, according to ...