Intel struggles to meet demand for server chips used in AI data centers, leading to a 13% drop in shares after forecasting lower revenue and profit. Despite rising shares, Intel faces challenges in predicting global chip markets with current products. Surging demand for server central processors surprises company, leaving profitable data center sales on the table. Intel forecasts revenue between $11.7 billion and $12.7 billion for the current quarter, below analysts’ estimates. Two customers are evaluating Intel’s next-generation manufacturing process, with hopes of a turnaround strategy to cut costs and boost product roadmap. Intel also faces challenges with supply constraints, declining margins, and increasing competition in the PC market.

Read more at Yahoo Finance: Intel struggles to meet AI data center demand, shares drop 13%