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Intel Corporation (INTC) reported third-quarter revenue of $8.53 billion from its Client Computing Group, up 4.5% from $8.16 billion year-over-year and exceeding estimates of $8.19 billion. This growth is attributed to a recovering PC market and increased enterprise upgrades to Windows 11.
As part of its strategy, Intel is partnering with Microsoft to integrate Intel vPro manageability with Microsoft Intune, enhancing remote management for businesses. Additionally, Intel aims to ship over 100 million AI PCs by 2025, while increasing demand for its Lunar Lake and Arrow Lake products is expected to further drive growth in upcoming quarters.
In comparison, Advanced Micro Devices (AMD) reported $4 billion in revenue for the same period, up 73% year-over-year, largely due to robust demand for Ryzen processors and gaming GPUs. Meanwhile, Qualcomm achieved quarterly revenues of $8.99 billion, marking a year-over-year increase from $8.07 billion.
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