Nvidia sees significant potential in the CPU market, but what does this mean for Advanced Micro Devices and Intel investors? Are they facing a new challenge, or is there room for all players to thrive?
After two record years of sales during the work-from-home spending boom, PC and laptop sales are down in the dumps. Consumer electronics inventory was high just as households started to pare back on computer spending last year, partly because many had already upgraded their equipment early in the pandemic, but also due to high inflation eating into discretionary spending budgets.
Intel (INTC) closed the most recent trading day at $28.13, moving -1.16% from the previous trading session.