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Intel to Lay Off 20% of Workforce Amid AI Shift

Bloomberg posted a report on Tuesday showing that Intel is going to cut 20% of its workforce, and the intent behind this action is not clearly discussed and will be disclosed this week. It is considered Intel’s biggest layoff round, and according to resources, the major reasons are the focus on more engineering roles, bureaucracy,…

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Marvell Stock Falls as Q1 Sales Disappoint

Marvell Technology Inc. (MRVL), a leading AI chipmaker, is experiencing a decline in its stock price after the release of its Q1 financial report. The company has failed to meet Wall Street’s unofficial Q1 sales estimate. In other words, the company has not met the expected whisper number. According to recent reports, Marvel’s first-quarter fiscal…

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