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Intel's Q2 revenue and profit forecast falls short of expectations, shares plummet

The surge in demand for advanced artificial intelligence server chips has notably impacted Intel's central processing units (CPUs), long regarded as the cornerstone of data centre operations. ....

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Intel initiates fifth round of layoffs, further job losses in 2024 expected

Intel said it plans to lay off 235 employees at its research and development facility in Folsom (Sacramento County), as indicated by regulatory filings to the state. ....

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Futures Trim Gains After Solid Amazon, Intel Earnings; All Eyes On Core PCE

Futures Trim Gains After Solid Amazon, Intel Earnings; All Eyes On Core PCE US futures were modestly higher - but well off session highs - at the end of a… ....

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