Intel Corporation’s shares dropped significantly after the market closed on Tuesday following the release of their first-quarter earnings report. The results were below analyst expectations, particularly the forecast for the next quarter, which greatly disappointed investors.

Shares of the company lost over 10% in value in post-market trading, reflecting growing investor concern about the company’s future and its strategic initiatives.

Amid increasing competition and market changes, Intel faces significant challenges that could impact its standing in the microprocessor manufacturing segment and other high-tech products.