The company has had to expedite production to meet high demand.
It was a very rough Q2 for$INTC.
The company also said that, despite tightening inventory, it remains optimistic regarding its 2024 roadmaps.

Intel still expects to sell 40 million AI PCs by the end of this year.
The number would include the company’s upcoming Alder Lake and Lunar Lake lines.
Lunar Lake, a.k.a.
Core Ultra 200V, is a series of notebook processors set to beginshippingin September.
Lunar Lake will compete with AMD’s new Strix Point (Ryzen AI 300) laptops.
Meanwhile, Intel’s 15th generation of Core desktop processors is expected to debut with Arrow Lake-S in October.
The full Windows 11 AI PC feature set is currently only supported on Qualcomm Snapdragon X processors.