Intel's AI Chip Sales Reach $5.1B, Beating Expectations

Intel sold $5.1 billion in AI data center chips last quarter, beating analysts' $4.41 billion prediction by about $690 million, per Reuters. In January, Intel said it couldn't make enough chips to meet demand. These sales suggest some of that backlog is clearing, though supply issues aren't confirmed. Intel's July 23 update may explain more.