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Key News Facts
Micron Technology increased its guidance for personal computers (PCs) and traditional servers on October 3, 2023, indicating a mid-single-digit growth forecast for traditional servers in 2025, up from previous predictions of flat growth. This news positively impacts Intel (NASDAQ: INTC), as these markets are critical for the company.
Intel’s shares rose by as much as 5.6% on October 3, before stabilizing at a 3.2% gain as of 12:08 PM. The company anticipates launching its Panther Lake CPU, the first produced using its new 18A node, in the fourth quarter, marking a key milestone in its technology strategy.
Intel currently holds a 76% market share in x86-based PCs. The increase in Micron’s projections aligns with a broader industry recovery, suggesting improved financial performance for Intel moving forward.
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