Intel (INTC.O) shares fell by more than 8% on Friday, as weak revenue and profit forecasts overshadowed the promises made by the company’s new CEO, Lip-Bu Tan, to turn the chipmaker around.

The decline reflects concerns about Intel’s ongoing struggles to recover from years of missteps, particularly its failure to keep pace with competitors in the rapidly growing artificial intelligence (AI) market. Additionally, the ongoing Sino-U.S. trade tensions have raised doubts about near-term demand for Intel’s PC processors, further weighing on investor sentiment.

Despite Tan’s efforts to steer Intel toward recovery, these challenges have cast a shadow over the company’s future prospects.