Intel Corp. gave an upbeat sales and profit forecast, citing improved demand for semiconductors that power cloud-computing data centers, and shrugged off concerns that the trade dispute between the U.S. and China is hurting the electronics industry.
The chipmaker late Thursday predicted fourth-quarter revenue and profit will come in ahead of analysts’ projections, sending the stock about 3% higher in after-hours trading. Intel also reported better-than-expected third-quarter results.
