Intel (NASDAQ: INTC) continues to struggle to gain traction, with the company reporting flat year-over-year revenue growth for the second straight quarter. What makes its results even worse is that many other semiconductor companies are seeing huge benefits from the data center buildout that is coming from artificial intelligence (AI). Intel saw moderate growth in this segment, but continues to be largely left out in the cold.
The stock fell roughly 8.5% from before the report to close of trading Monday.
Let’s take a closer look at Intel’s quarterly results (reported last week) to see if there are any signs of a turnaround.