Intel shares plunge as chipmaker suffers manufacturing woes, inventory shortages

Intel shares plunged by as much as 17% on Friday after the chipmaker admitted it was struggling to meet demand for its high-powered AI chips.The Santa Clara, Calif.-based firm, which makes chips needed for data centers, is in the midst of a turnaround effort as it looks to capitalize on surging demand from tech giants who need chips and servers to power the artificial intelligence boom.During a call with investors, Intel executives, including chief financial officer David Zinser, admitted that supplies had ...