Intel shares experienced a significant drop after the company released a weaker-than-expected forecast. The chipmaker’s projections for the upcoming quarter failed to meet analyst estimates, leading to a sharp decline in its stock price.

The disappointing outlook has raised concerns among investors regarding Intel’s competitive position in the semiconductor industry. The company faces increasing pressure from rivals such as AMD and Nvidia, which have been gaining market share.

Several factors contributed to the lowered forecast, including:

• Slowing demand for PCs
• Increased competition in the data center market
• Supply chain disruptions

Analysts are closely monitoring Intel’s efforts to regain its footing in the market. The company is investing heavily in new technologies and manufacturing processes to improve its competitiveness. However, it remains to be seen whether these efforts will be enough to offset the challenges it faces.