Intel Corp. Chief Executive Officer Pat Gelsinger said the chipmaker is on course to hit its third-quarter forecasts, helped by an improving personal-computer market.
The stock rallied as much as 3%, reversing earlier losses, after Gelsinger’s comments Thursday at a Deutsche Bank technology conference. The shares were trading at $34.99 at 2:45 p.m. New York time, up slightly for the day.
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