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Intel Rallied 91% This Year. Expect Higher Highs in 2024.

Meanwhile, the global personal computer business has suffered through eight straight quarters of declining unit sales—and Intel has continued to face aggressive competition in both PCs and servers from Advanced Micro Devices. All the while, Intel has been playing catch up with Nvidia and AMD in the market for graphics processors used for AI workloads. Through the first three quarters of the year, Intel’s revenue was down 21%.
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