Intel Rally Fades After Investors Seek More Evidence of Comeback

An Intel Corp. stock rally faded on Friday after investors looked past an upbeat forecast and focused on the many lingering challenges at the embattled chipmaker.

Fourth-quarter sales will be roughly $13.3 billion, the company said Thursday, a higher level than expected. Though Wall Street’s average estimate was $13.4 billion, some analysts were still including revenue from a unit that Intel just spun off — money that wasn’t part of the company’s forecast.