Intel stock sinks on a weak forecast. Here's what went wrong

Intel beat on earnings but its fourth-quarter revenue forecast came in about $1.5 billion short of what investors wanted, sending the stock sharply lower after hours. Moor Insights & Strategy's Patrick Moorhead explains how soaring memory prices and a slumping PC market are weighing on the outlook, why AI agents could drive new demand for Intel's data center CPUs, what to watch from its foundry business and 14A process, and what management needs to say on the earnings call to reassure investors.