Intel Stock Soars on Strong Q3 Earnings and Growing Chip Demand
Intel's Q3 earnings exceeded expectations with $13.7 billion revenue and 23 cents EPS, driven by strong demand for PC processors and servers. The company projects Q4 revenue between $12.8 billion and $13.8 billion, surpassing estimates, and anticipates demand will outpace supply into 2026. Intel shares rose 6% after the report, reflecting investor confidence.