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Intel Brightens Tech Picture

Stock quotes in this article: INTC , AMD  

Updated from Oct. 16

SAN FRANCISCO -- Shares of Intel(INTC Quote) surged early Wednesday after the chipmaker grew its bottom line by more than 40% in the third quarter, thanks to record microprocessor shipments and cost-cutting efforts.

In the strongest demonstration in years that it has regained its stride, Intel blew away Wall Street estimates and raised its profitability outlook for the full year.

The stock climbed 5.2%, or $1.32, to $26.80 in premarket trading. ...

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