Intel (INTC) just stunk up tech stocks.

While the tech giant beat estimates for its most recent quarter, its outlook lagged forecasts.

For the quarter ended in December, Intel posted adjusted EPS of 54 cents, as compared to expectations of 45 cents. Revenue came in at $15.4 billion, as compared to estimates of $15.15 billion. Those were all great numbers. Unfortunately, Intel expects to post first-quarter EPS of 13 cents on between $12.2 billion and $13.2 billion in sales. Meanwhile, that’s well below EPS estimates for 33 cents on $14.15 billion in revenue.

According to Intel CEO Pat Gelsinger, “the core businesses — PC and server chips — would be at the low end of the company’s seasonal range in the current quarter, but that overall sales would take a hit because of weakness in subsidiaries including Mobileye and its programmable chip unit, as well as revenue decreases from other businesses the company has spun off or sold,” as reported by CNBC.

Tech stocks will certainly feel the heat from this tomorrow.

However, once the negativity is priced in, there will be plenty of great tech dips to buy.