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Benzinga
Benzinga
Business
Anusuya Lahiri

SHOCKING: Intel faces cpu market share losses and limited ai integration analyst flags challenges | Mind Blowing Facts

Intel Corporation Vivek Arya Nvidia AMD Advanced Micro Devices Arm Holdings INTC United States Artificial Intelligence Intel Foundry
Intel

Intel (NASDAQ:INTC) struggled to maintain its moat across its central processing unit (CPU) and artificial intelligence businesses. The chipmaker also grappled with market share losses to Advanced Micro Devices (NASDAQ:AMD) and Arm Holdings (NASDAQ:ARM) in both the PC and server markets, as well as limited integration with AI accelerators, despite a partnership with Nvidia (NASDAQ:NVDA).

Bank of America Securities analyst Vivek Arya downgraded Intel to Underperform from Neutral with a $34 price forecast.

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