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Benzinga
Benzinga
Business
Anusuya Lahiri

Intel Faces CPU Market Share Losses And Limited AI Integration, Analyst Flags Challenges

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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