Intel's Q3 revenue of $14.2 billion, with AI business income at $3.8 billion

Translated data: Intel announced its third-quarter financial results for 2022, showing a revenue decline of 8% to $14.2 billion, falling short of the market expectation of $13.54 billion. Among this, the data center and artificial intelligence business generated $3.8 billion in revenue, slightly below the anticipated $3.9 billion, and experienced a 10% year-over-year decrease. Despite the normalization of the data center market, Intel continues to face strong competition from companies like NVIDIA. Additionally, AMD and NVIDIA are developing Arm-based chips to challenge Intel's dominance in the PC market. In response to this competitive pressure, Intel is taking measures such as self-developed software to seize the initiative in the AI technology revolution.

NVIDIA to Endorse OpenAI for $250 Billion: Help It Attract a 10-Gigawatt Super Data Center in Ohio

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IBM's Quarterly Performance Misses Expectations, Stock Plummets; Executives Insist AI Won't Eliminate Mainframes

IBM's latest financial report shows revenue of $17.2 billion and net profit of $2.2 billion, but the performance fell far short of expectations. A decline in infrastructure business led to a record 25% drop in stock price in one day, and the full-year growth forecast has been downgraded. The main reason is a sharp 42% drop in mainframe sales, with rising costs squeezing budgets, and the contraction of core businesses triggering a chain reaction.

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Intel's Q3 revenue of $14.2 billion, with AI business income at $3.8 billion

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