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With its latest quarterly results published on Friday, Intel Corporation (NASDAQ: INTC) showed it is stumbling in the AI race. Intel issued a weaker than expected outlook for the first quarter of 2024.

Pat Gelsinger has revealed Intel's ambitious goal of achieving up to a 6x improvement in AI performance across successive processor generations

After Intel's disappointment, investors turned their attention to AMD, widely touted among the biggest beneficiaries of 2nd-gen AI.

Generative AI tools, apps and services that use the processing power on edge devices can access data locally, return faster results, and they're more secure.

Intel's stock tumbled -12% in today's trading session after the chip giant posted favorable Q4 results after market hours on Thursday but provided underwhelming guidance for the first quarter.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Intel's stock tanks on lower sales forecast - SiliconANGLE

Intel shares fell sharply after the chipmaker issued a soft first quarter outlook. Here are important chart levels to watch.

Intel has struggled to keep pace with rival chipmakers Nvidia and AMD, which are benefiting from the AI boom.

Intel has struggled to keep pace with rival chipmakers Nvidia and AMD, which are benefiting from the AI boom.