(Reuters) -Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data center and PC chips and trails in the surging market for AI components. Businesses have prioritized spending on advanced and speedy artificial intelligence server chips, hurting demand for Intel's central processing units (CPUs), which have been the mainstay chip powering data centers for decades. Helped by its software, Nvidia dominates the market for AI chips with its powerful graphics processing units (GPUs), and commanded roughly 80% share last year.
Intel Forecast: Intel predicts lower Q2 revenue and profit, shares down 8%. Weak demand for data center, PC chips. Nvidia leads AI market. Gelsinger optimistic about Intel rebound.
Pcs: "Going forward, we will also work closely with Reliance Jio and Bharti Airtel to get 6G networks deployed… We’re doing that with 5G now and we will definitely take the lead with 6G as well."