It's pretty hard to say whether the PC market is truly back or not given ongoing global geopolitical uncertainties, but the signs are pointing towards recovery. Intel beat its revenue expectations in its latest financial report, while AMD happily shared data from Mercury Research that showed it gained some healthy slices of unit and revenue share in the x86 processor market.
As noted by Jeremy in his recent article, Intel's Q4 2023 revenues jumped by around 10% over the same quarter in 2022. That's a healthy number, but its forecast for the current quarter is for an 8% growth in revenue. That was enough to send investors scrambling for the exit, driving Intel's share price down by over 11% over the last month. Pretty tough crowd that Wall Street lot.
