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Market Movers

Rising demand renews confidence at Intel

Stronger-than-expected sales gave Intel a boost.

Reuters

Stronger-than-expected sales gave Intel a boost.

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Shares of Intel popped after the technology giant said that stronger-than-anticipated demand for business PCs have boosted its second quarter forecast. Intel now expects to achieve $13.7 billion in second quarter revenue — plus or minus $300 million — up from its original guidance of $13 billion plus or minus $500 million. Intel also revised its full-year forecast, saying that the higher business PC unit volume has led it to expect “some revenue growth for the year.”

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