From what I read, Intel's recent chip production strategy was a miss, in that they focused on chips for laptops and not for the chips for AI data centers.

More specifically, they focused on making laptop chips like Panther Lake (Intel's latest and greatest) and they meant to make a lot of their money here, and the data center chips weren't focused on as much (I think these would be something like the Xeon 6, but not sure, but I read that they also could have boosted production of older data center chips). But, as it turns out, laptop sales are down because of the demand for DRAM is sky high from the AI data center build out, and not as many people are willing to buy a super expensive laptop. If they had forecasted more correctly, they would have focused more on making data center chips.

Also, their forward guidance for 2027 is lower than expected too, because it will take awhile to shift their production towards building more data center chips, which they are in the middle of doing.

But, you may want to check other sources because have only been somewhat loosely following what's happening with Intel.