Intel hikes Q4 revenue forecast; stock rises over 8% on turnaround optimism, AI frenzy | Stock Market News

Intel hikes Q4 revenue forecast; stock rises over 8% on turnaround optimism, AI frenzy | Stock Market News

Source: Live Mint (Bloomberg) — Intel Corp. shares surged after the chipmaker gave a revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share. Fourth-quarter revenue will be $13.3 billion to $14.3 billion, the Santa Clara, California-based company said in a statement on Thursday. That compares with the $13.6…

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