Intel releases third quarter revenue outlook, expecting revenue to reach up to $16.8 billion

According to Sina Finance, Intel expects its third quarter revenue to be between 15.8 billion and 16.8 billion US dollars, higher than the average analyst estimate of 15.1 billion US dollars. The surge in demand for artificial intelligence computing power in data centers has driven a 59% increase in revenue for Intel's data center sector in the previous quarter. Intel's stock price rose about 10% after the market closed.