Intel Raises Forecast, Sending Shares to Highest Since 2014

Updated on
  • ‘I wouldn’t call it rapid change,’ says Evercore analyst
  • Largest chipmaker sees some indication of improving demand

Intel Corp. raised its forecast for third-quarter sales, bolstered by growing optimism for the personal computer market. Shares climbed to their highest closing price in more than 18 months.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.