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Intel Stuck in a Quagmire, With no End in Sight

Intel Stuck in a Quagmire, With no End in Sight

Intel Corp. (INTC) concluded 2022 with its worst financial performance since the dot-com crisis more than two decades ago, owing to a double whammy of a decline in both PCs and data centers, and is not expected to reverse anytime soon. Intel’s yearly earnings fell more than 60% in 2022, and revenue fell more than…