March notebook shipments were up 41% month-over-month, 18% above Citi’s expectation, driven by new product launches and pull-in demand at quarter end, Citi analyst Christopher Danely the analyst tells investors in a research note. The firm says overall Q1 shipments were down 9% quarter-over-quarter, well above seasonality and Citi’s forecast of down 15%. It reiterates Neutral ratings on Intel (INTC) and AMD (AMD), expecting the data center downturn to negatively impact both companies.
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