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,

Intel Corp. shares plunged as much as 14% in late trading after Chief Executive Officer Lip-Bu Tan gave a lackluster forecast and warned that the chipmaker was struggling with manufacturing problems.

Intel let a little air out of Wall Street’s superheated enthusiasm for the chipmaker Thursday, reporting middling financial results and warning of a slow quarter ahead. Shares dropped 6% in after-hours trading.

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's quarter was fine, but its near-term outlook is still being held back by supply -- and the stock does not look cheap enough to ignore that.

US chipmaker Intel on Thursday gave a downbeat revenue outlook, with executives citing “industry-wide” supply chain constraints hampering its growth.

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.

During an earnings call on Thursday, Intel CFO David Zisner says the company was “relatively aggressive in terms of getting memory” ahead of the global shortage for its previous-gen Lunar Lake chips,