"Intel's Disappointing Outlook Sends Stock Sinking"

Intel's stock fell over 5% in after-hours trading as the company's first quarter outlook disappointed investors, with adjusted earnings per share and revenue expectations falling below analyst estimates. The company's Data Center and AI unit revenues also fell short, marking a 10% decline from the same quarter last year. Intel is in the midst of a turnaround effort to regain its position in the chip market, with a focus on AI capabilities and the launch of its Core Ultra line of PC chips. The company is also aiming to become a foundry for other chip companies and recently opened a new chip manufacturing facility in New Mexico.