Intel raised its forecast for third quarter revenue today, sending the share price of the world?s biggest computer chip maker sharply higher in early trading on Wall Street.
As a result of stronger-than-expected demand for microprocessors and chips, Intel said it now expects revenue of between USD 8.8 billion and USD 9.2 billion.
The Santa Clara, California-based company had previously forecast third quarter revenue of between USD 8.1 billion and USD 8.9 billion.
Intel shares jumped 5.14 percent to USD 20.47 during the first few minutes of trading in New York.
Intel?s revised forecast came a day after US personal computer giant Dell said it expects consumer demand to improve in the third quarter but demand from large commercial customers in the United States and Europe to remain slow.