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Intel tops Wall Street estimates, CEO says data-center business is improving

Earnings Results Last Updated: April 27, 2023 at 7:21 p.m. ET First Published: April 27, 2023 at 4:18 p.m. ET Stock pops higher as both PC, data-center businesses exceed expectations Intel reported first-quarter results Thursday. Getty Images A previous version of this article included an inaccurate number for Intel’s second-quarter profit forecast. It has been
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Earnings Results

Stock pops higher as both PC, data-center businesses exceed expectations

Intel reported first-quarter results Thursday.

Getty Images

A previous version of this article included an inaccurate number for Intel’s second-quarter profit forecast. It has been updated.

Intel Corp. shares surged in the extended session Thursday, swinging from an initial loss after the chip maker topped Wall Street estimates for the quarter, and Chief Executive Pat Gelsinger assured analysts that the company’s data-center business was improving.

Intel…

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