Intel Expects Chip Shortages on Better PC Demand. Here’s Why AMD Is Winning Too.

Intel stock opened up strongly on Friday after reporting solid results the previous day, but it couldn’t hold on to most of its gains. Intel forecast revenue of $12.8 billion to $13.8 billion for the current quarter, versus the consensus call of $13.4 billion. Intel’s guidance excludes Altera, following the company’s sale of a majority ownership in the third quarter.