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Intel tops Wall Street estimates, CEO says data-center business is improving

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Intel stock shot higher after hours as its earnings -- while bad -- weren't as bad as feared.

A previous version of this article included an inaccurate number for Intel’s second-quarter profit forecast. It has been updated.

Intel Corp. shares surged in the extended session Thursday, swinging from an initial loss after the chip maker topped Wall Street estimates for the quarter, and Chief Executive Pat Gelsinger assured analysts that the company’s data-center business was improving.

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