Macroeconomic headwinds have caught up with Intel (NASDAQ: INTC) based on the semiconductor giant's weaker-than-expected forecast included in its first-quarter 2022 results, released on April 28. Shares of the company slipped nearly 7% afterthe report as investors were worried about a slowdown in PC (personal computer) demand, especially from the consumer and education segments on account of surging inflation. The tepid performance of CCG, which is Intel's biggest business as it accounted for half of the company's top line last quarter, wasn't surprising given the conditions prevailing in the PC market.