Why Intel Shares Crashed After-Hours Today

$Intel(INTC.US)$ shares fell steeply in after-hours trading on Thursday, by 8.75%, to $51.10 after closing the regular session 1.14% higher at $56.“We call it match sets, where we may have the CPU, but you don't have the LCD, or you don't have the Wi-Fi,” said Intel CEO Pat Gelsinger, CNBC reported.“Data centers are particularly struggling with some of the power chips and some of the networking or ethernet chips.”
Even though Intel’s earnings for Q3 beat estimates, the company’s outlook on the current quarter and foreseeable future soured investor mood on the company.This, in turn, has empowered competitors $Advanced Micro Devices(AMD.US)$ and $Apple(AAPL.US)$ both foundry clients of $Taiwan Semiconductor(TSM.US)$