Intel Stock Drops $12B as PC Sales Decline, AI Raises Costs

Intel's stock took a sharp downturn this week, erasing roughly $12 billion from the U.S. government's stake in the semiconductor giant, according to TechCrunch. The drop reflects mounting pressure on the chipmaker as demand for traditional PCs continues to wane while the booming artificial intelligence sector competes for limited memory and component supplies. TechCrunch reported that AI companies are consuming vast quantities of memory and other critical components, driving up prices and making finished PCs more expensive for consumers. This dual squeeze — falling PC sales and rising production costs — has left Intel struggling to maintain profitability in a rapidly shifting tech landscape. The

Source: TechCrunch.