Intel’s Shares Plunge 20% as A.I. Hinders Some Parts of Its Business
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Intel shares dropped by 20 percent. The company reported that the rise of artificial intelligence has negatively impacted sales to manufacturers of personal computers. The U.S. government is the largest investor in the chipmaker.
The chipmaker, whose largest investor is the U.S. government, reported that the A.I. boom’s domino effect had hurt sales to personal computer makers.