Intel wants to dominate more than just personal computer chips. Over the past few years, the tech giant made a big push into server chips that is now starting to pay off. Fast growing server chip sales helped lift Intel’s overall revenue at a time when people are buying fewer PCs. Moreover, investor concern that the Spectre and Meltdown security holes in Intel’s chips and those of its rivals would slow chip sales never materialized. As a result of all the good news, Intel’s shares have skyrocketed 53% over the 12 months ending in May.
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The chipmaker's stock rose nearly 12% Tuesday.
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