Intel’s CFO, David Zinsner, emphasized the company’s strength in high-performance computing and its potential to provide higher-performance chips to customers in the AI market. Intel reported a narrower-than-expected loss for the first quarter and projected improving profit margins for the second half of the year.
While Intel remains the market leader in PC chips, revenue from client computing and data center divisions saw significant declines. Intel anticipates revenue of around $12 billion for the second quarter and expects narrower margins in PC chips due to lower demand in the data center sector.
Despite the challenges, Intel aims to leverage its product offerings and foundry capabilities to ride the wave of AI and improve its market position. The company is focused on providing higher-performance chips to customers addressing the AI market.
