Intel Forecast Shows Rising Server Demand, PC Share Gains
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Intel Corp. forecast sales that may exceed analysts’ predictions helped by demand for machines that handle the rising tide of digital data and a greater share of the market for personal computer chips.
Third-quarter revenue will be $14.3 billion, plus or minus $500 million, the biggest maker of semiconductors said Wednesday in a statement. That compares with analysts’ average projection of $14 billion, according to data compiled by Bloomberg.