© Reuters. FILE PHOTO: The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly
(Reuters) – Chipmaker Intel Corp (NASDAQ:) beat first-quarter revenue expectations on Thursday, driven by strong demand for processors used in data centers on the back of a rapid global shift to cloud and artificial intelligence technology.
Adjusted revenue for the quarter was $18.4 billion, compared with analysts’ average estimate of $18.31 billion, according to IBES data from Refinitiv.
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