Intel’s problems worse than you think, WSJ columnist says

Intel’s (INTC) problems are worse than you think, according to Wall Street Journal technology columnist Christopher Mims. The company is losing market share “in multiple areas that are critical to its profitability,” and its “many competitors” include not just Nvidia (NVDA) but smaller rivals and even previous allies like Microsoft (MSFT), Mims contends. Last quarter, Intel’s “perennial also-ran” AMD (AMD) actually eclipsed its revenue for chips that go into data centers, the columnist points out. In 2022, Intel’s data-center revenue was three times that of AMD, the Journal notes. Mins contends AMD and others are making “huge inroads” into Intel’s business of making general-purpose chips.