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Intel heads for worst day on Wall Street in 50 years, falls to lowest price in over a decade
Intel shares cratered on Friday, dragging down Asian stocks including Samsung and TSMC as well as other chipmakers.
Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia Corp. A decision to more rapidly produce Core Ultra PC chips that can handle artificial intelligence workloads contributed to the loss, Gelsinger said on a conference call with analysts. "We compete based on decades of investment and innovation, scrupulously adhering to all laws, making NVIDIA openly available in every cloud and on-prem for every enterprise, and ensuring that customers can choose whatever solution is best for them," the spokesperson said.
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