Intel's stock plunge shows that Wall Street still hasn't learned its lesson on AI hype

Intel Corp.’s disappointing forecast for the first quarter includes another anticipated double-digit decline in the company’s data-center business, as the chip maker has yet to capitalize on its AI opportunity.Since its third-quarter earnings, Intel’s stock INTC, +0.94% has surged about 50%, in part due to the potential of providing chips for artificial intelligence. One analyst said in November that Intel represented a potential “under-the-radar AI opportunity.” But on Thursday, its shares tumbled about 11 ...