Will Lower DataCenter Revenues Affect Q3 Earnings of Intel?

Intel Corporation (INTC) is scheduled to report third-quarter 2024 earnings after the closing bell on Oct. 31. In the to-be-reported quarter, the company is likely to have recorded lower revenues from the Datacenter and AI Group (DCAI) segment, owing to the fierce competition from other industry leaders amid a challenging macroeconomic environment. However, higher deployment of the Intel Gaudi 3 accelerator, Intel Core Ultra 200V series processors and advancements in artificial intelligence (AI)-accelerated ...