Computer Hardware

Intel Stock Rises on CEO's Earnings Forecast

Shares of Intel rose after CEO Paul Otellini said Tuesday that the company anticipates a double digit percentage rise in revenue and net income over the next few years.

The increase, Otellini said, will come with the uptick of demand for computer chips in personal computers and other gadgets.

Otellini said the strong demand for its chips proves that the PC is "still a growth industry."

—The AP contributed to this report.