Investors are taking profits after the popular tech stock's recent run-up.

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Intel Corp.’s stock slide is delivering a reality check to President Donald Trump’s vision for quickly reviving domestic chip manufacturing led by an American champion, four months after the US moved to acquire as much as a 10% stake in the company.

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Intel shares tumbled Friday after the chipmaker's outlook disappointed, erasing much of the stock's gains over the past few weeks. Wall Street analysts suggested some of the investor enthusiasm behind the stock's recent rally may have been premature.

After a big recent run up, Intel shares are taking a breather in Thursday's extended session, down about 5%. The company's latest guidance underwhelmed, with Intel unable to meet all its demand. Expectations were also high heading into the report,