The company forecast further losses in the first quarter as it spends heavily to ramp up production of its latest chips. Shares fell 18%.

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 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

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.

The tech giant is pivoting its strategy to focus on processors to support AI workloads, meaning less capacity for chips for PCs.

The troubled chip maker has seen its shares rise with AI demand and new investors, but revenue sagged 3.9% year-over-year to $13.7 billion.

By Arsheeya Bajwa and Max A. Cherney Jan 22 (Reuters) - Intel said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue and profit below market estimates,