Comment on Intel reports record earnings, thanks to growing share of data processing and storage market

Intel reports record earnings, thanks to growing share of data processing and storage market

Intel Corp. on Thursday reported record revenues of $20.2 billion for the fourth quarter of 2019, largely thanks to the company’s growing share in the booming market for data processing and storage, sending shares up more than 6 percent in after-hours trading. "We feel great about how we wrapped up the year, our best quarter in the company's history," CEO Bob Swan said on an earnings call.

 

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