Intel is struggling to gain traction in AI chips while Nvidia and AMD roar ahead
It’s a tale of two worlds for Intel INTC, +0.94% these days. At a turbulent time for the silicon industry, the computer-chip giant late Thursday reported that fourth-quarter 2023 revenue rose 10% year over year, with a gross margin increase of 6.5 points. For the 2023 full-year results, however, total revenue was down 14% vs. 2022 and total gross margin slipped to 40% from 42.6%.Compared to companies like Taiwan Semiconductor Manufacturing TSM, +0.03% or even Nvidia NVDA, +0.42%, with 2023 gross margins of ...