Intel Stock Reaches 15-Year High; Raises Q3 Revenue Target For PC

Intel is expecting a Q3 revenue of $15.3-15.9 billion as compared to the previous, $14.4-15.4 billion. Intel claims that there are signs of increasing PC demands and hence the company is raising the bar. This would mean a yearly gain of 7.8% which is the best the company has seen since Q3 in 2014. How does this affect Intel Stock? Let’s find out. PC demand has been falling for some time now as we have talked about earlier and this has affected the company in a negative way.

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