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Intel’s Shares Plunge 20% as A.I. Hinders Some Parts of Its Business
The chipmaker, whose largest investor is the U.S. government, reported that the A.I. boom’s domino effect had hurt sales to personal computer makers.
A silicon wafer at Intel’s campus in Ocotillo, Ariz. The company reported revenue of $16.5 billion in its third quarter.
© Loren Elliott for The New York Times
