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00:03Intel said, Thursday it struggled to meet demand for server chips used in AI data centers
00:08and forecast first quarter revenue and profit below estimates, according to Reuters.
00:14The company forecast revenue between $11.7 billion and $12.7 billion compared with an
00:21average estimate of $12.51 billion and said adjusted earnings per share are expected to
00:27break even versus expectations of $0.05.
00:32Intel said it was caught off guard by surging demand for server CPUs that accompany AI chips
00:38and cannot keep up, even with factories running at capacity.
00:43Chief Executive Officer Lit Bouton said the shortfall is leaving data center sales on the
00:47table while new PC chips pressure margins.
00:50Shares were down 13% in after hours trading.
00:54For all things money, visit Benzinga.com.
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