Intel reports better than expected Q1 earnings, but falls short on revenue outlook. Stock slides more than 10%

- Intel (INTC) reported better than expected Q1 earnings but fell short on revenue outlook - Stock slid more than 5% - Intel anticipates Q2 revenue of $12.5 billion to $13.5 billion, analysts expected $13.63 billion - Intel is challenging rivals Nvidia (NVDA) and AMD with new Gaudi 3 AI accelerator - Intel is shifting from designer and manufacturer of its own chips to a manufacturer of chips for third-party clients - Intel's foundry business lost $7 billion in the last year - Intel is focusing on AI market share with new Core Ultra processors - AMD, Nvidia, and Qualcomm are also offering AI PC chips - Qualcomm claims better performance and battery life compared to Intel and AMD chips - Intel is capitalizing on AI craze through the PC market.

Summarized top reddit comments: - Stock fell more than 10% after Intel reports better than expected Q1 earnings - Investors lost money, unhappy with company - Suggestions to invest in NVDA and AMD instead - Disappointment with Intel's performance compared to other tech companies - Speculation on whether this is the dip or the end for Intel - Criticism of Intel overpromising and underdelivering - Comments on recent stock trading behavior and speculation on reasons for decline