White House adviser Kevin Hassett called Intel's ($INTC) results a positive signal for the whole semiconductor industry.
Meanwhile, Intel shares have collapsed 54% over the past 30 days, wiping out more than $310 billion in market value.
Newsy
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The world is still "drinking" more than it builds AI infrastructure. But the gap is narrowing: spending on AI chips and cloud capacity for models rose 51% over the year.
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