(Reuters) – Chipmaker Intel Corp 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.
(Reporting by Chavi Mehta and Eva Mathews in Bengaluru and Jane Lanhee Lee in Oakland, Calif.; Editing by Krishna Chandra Eluri)
