Intel ends 2023 with a strong notebook market: sales of $15.4 billion, but there is no AI boom.

Intel ends 2023 with a strong notebook market: sales of $15.4 billion, but there is no AI boom.

According to a report by www.heise.de, Intel ended 2023 with an unexpected surprise: Revenue came in at the high end of expectations, coming in at $15.4 billion in the fourth quarter due to a recovery in the notebook market. This increase was primarily due to the Client Computing Group (CCG), which increased its revenue from $6.6 billion to $8.8 billion within a year. Despite this success, Intel's other divisions, such as the Network Division (NEX) and the Data Center and AI Group (DCAI), recorded losses or low sales.

Also interesting is the reduction in Intel's research and development budget, which fell from $17.5 billion in 2022 to $16 billion in 2023. This could have long-term effects on the company's innovative strength and competitiveness.

The company expects sales of $12.2-$13.2 billion for the coming year with a net loss of around $1 billion, which makes the stock market skeptical. Intel shares fell by more than 10 percent after the financial figures were announced.

While the positive developments in the notebook market could provide a temporary recovery for Intel, long-term investors should keep an eye on sales trends in other divisions and the impact of budget cuts. This unexpected turning point for Intel could impact the market and continue to make the company's stock prices volatile.