"Intel CEO Addresses Stock Plunge and AI Prospects"

Intel CEO Pat Gelsinger reassures investors that the company's turnaround remains on track despite a disappointing first quarter outlook, attributing the stock sell-off to an overreaction. The company plans to address near-term challenges with new chip launches supporting AI workloads and hardware, but analysts remain skeptical about Intel's growth businesses. Despite positive signs, Wall Street views Intel as a show-me investment story, with some analysts maintaining an underweight rating on the stock. Intel's first quarter guidance fell short of estimates, leading to a sharp market reaction, but the company reported a 10% year-over-year increase in net sales and improved adjusted earnings per share.