Intel shares slid nearly 16% Friday morning, a day after the chipmaker told investors it hadn’t allocated enough production capacity to meet booming demand from data centers. “Revenue would have been meaningfully higher if we had more supply,” Chief Financial Officer David Zinsner told Wall Street analysts on a conference call Thursday.

Over the last year, Intel shares have rallied more than double on hopes of a turnaround for the embattled American chipmaker.

Intel is on pace for its worst selloff in nearly 18 months. The stock’s recent run had put the struggling chip maker in a difficult position. Intel was down nearly 17% Friday. The selloff came after t

Intel just beat expectations with its latest results but came up short with its forecast as a supply crunch grips the chip sector.

Intel said on Jan. 22 it struggled to satisfy demand for its server chips used in AI data centers.

By Arsheeya Bajwa Jan 21 (Reuters) - Intel shareholders are optimistic about the company's results like they have not been for many quarters, betting the turnaround CEO Lip-Bu Tan promised was taking root and that rapid data center build outs were fueling strong demand for its traditional server chips.

Intel is an essential name to the U.S. economy and the "Soprano-like" equity ownership by the government makes me want to own this company for the long haul.

Intel reported earnings that beat estimates, but flagged issue with manufacturing that weighed on the outlook for coming quarters.