How did Intel's revenue streams shift in 2024?

Intel's revenue streams exhibited distinct shifts in 2024, reflecting both challenges and opportunities within its business segments:

1. **Decline in Traditional Business Segments**:
- **Client Computing Group (CCG)**: Revenue decreased by 7% to $7.87 billion. This decline is attributed to a slowdown in the personal computer market.
- **Data Center and AI (DCAI)**: Revenue fell by 9.4% to $3.81 billion. This segment faced challenges due to decreased demand from hyperscale data center customers for AI server spend.
- **Network and Edge**: Revenue dropped by 24% to $1.36 billion. This decline is a result of weaker demand for networking and edge computing solutions.
2. **Growth in Emerging Business Segments**:
- **Intel Foundry Services**: Revenue increased by 81.9% to $311 million. This segment benefited from the growth of outsourced semiconductor manufacturing.
- **Mobileye**: Revenue grew by 13% to $637 million. This segment's performance was driven by the launch of new AI-enhanced processors.
- **Intel Foundry Services**: Revenue surged by 63% to $291 million. This growth reflects the increasing demand for Intel's manufacturing capabilities.
3. **Overall Performance**:
- In Q3 2024, Intel's revenue slightly exceeded expectations at $13.28 billion, with a year-over-year decline of 6.2%.
- The company's gross margin declined to 15.0% from 42.5% in the previous year, indicating a substantial decrease in profitability.
- Net income reported a loss of $16.6 billion, primarily due to substantial impairment and restructuring charges.

In summary, Intel's revenue streams showed a decline in traditional segments like CCG, DCAI, and Network and Edge, while emerging segments such as Intel Foundry Services and Mobileye experienced growth. The overall revenue performance in 2024 was mixed, with some positive surprises in specific areas, but overall, the company faced significant challenges that impacted profitability and net income.