Global shipments of PCs have been declining for the past two years following a pandemic-era splurge by consumers and businesses. Lower end-market demand coupled with excessive inventory levels across the PC supply chain has been wreaking havoc on the PC chip businesses of both Intel (NASDAQ: INTC) and Advanced Micro Devices. Gartner expects PC shipments to return to growth in the fourth quarter, and Canalys is calling for 5% growth in the fourth quarter and 8% growth in 2024.
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA), Dell Technologies (NYSE: DELL), and Broadcom (NASDAQ: AVGO). Check out the short video to learn more, consider subscribing, and click the special offer link below.
DELL's third-quarter fiscal 2024 results reflect sluggish product revenues driven by lower storage and PC sales.