Intel Heads List of Strong 3Q Tech Results

Intel Corp. reported strong revenue growth during its third quarter as its "data-centric" strategy begins to take hold in key technology sectors like all-flash storage. Meanwhile, it is readying a new AI chip. Intel was among several leading U.S. technology companies reporting strong revenues this week along with Amazon and Google. The chipmaker reported revenue totaling $16.1 billion for its third quarter, about $400 million higher than forecast. Intel said it is revising its annual revenue forecast up by $700 million to $62 billion.