Intel (NASDAQ:INTC) tumbled more than 6% in extended-hours trading after the semiconductor giant reported fourth-quarter results that missed expectations and issued first-quarter guidance that indicated further weakness for the Pat Gelsinger-led company.

For the period ending December 31, Intel (INTC) earned 10 cents per share on $14.04B in revenue, as Client Computing revenue and Datacenter and AI-related revenue tumbled, falling 36% and 33% year-over-year, respectively.

A consensus of analysts expected Intel (INTC) to earn 20 cents per share on $14.5B in revenue.

Looking to the first-quarter, Intel (INTC) expects to lose 15 cents per share, excluding one-time items, with revenue forecast to be between $10.5B and $11.5B. The company also expects gross margins to fall below 40%, coming in at 39%.

Analysts expect the company to earn 25 cents per share, $13.96B in sales and gross margins of 45.5%.

AMD (AMD) and Nvidia (NVDA) fell in sympathy following Intel’s (INTC) results.

Santa Clara, California-based Intel (INTC) will hold a conference call at 5 p.m. EST to discuss the results.

Earlier this month, Intel (INTC) CEO Pat Gelsinger said the company was still in talks with Italy to build a fab in the country but was talking to other European countries as well.