Intel surged in late trading after the chipmaker’s revenue forecast shattered estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround. Sales will be $15.8 billion to $16.8 billion in the third quarter, the company said Thursday in a statement. Even the low end of that range would easily clear the $15.1 billion average analyst estimate. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research Ed Ludlow, Bloomberg Tech co-host See omnystudio.com/listener for privacy information.

Instant Reaction: Intel's Revenue Shatters Wall Street Estimates

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[SPEAKER_E] Instant reaction and analysis from our 3,000 journalists and analysts around the world. Here's how Ian King, who's been covering this company and this sector for many years, put it: Intel delivered a surprisingly strong revenue forecast for the current period, indicating that a surge in data center spending is helping fuel...

Instant Reaction: Intel's Revenue Shatters Wall Street Estimates

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Instant Reaction: Intel's Revenue Shatters Wall Street Estimates

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.