Intel Shares Drop 20% as AI Boom Weighs on Parts of Its Business

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Intel's stock plunged about 20% after the chipmaker reported weaker results in some areas of its business. The company said the ripple effects of the artificial intelligence boom had hurt its sales to personal computer manufacturers. Intel, whose largest investor is the U.S. government, has been closely watched as it navigates shifting demand for its chips. The sharp decline reflects investor concern about the company's exposure to these pressures.

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