After a strong Q4 projection that helped offset lackluster Q3 earnings showed Thursday after the bell, Intel Corp. (NASDAQ:INTC) shares jumped more than 6%. Intel's revenue exceeded Wall Street's $13 billion projection but posted a loss per share of $0.46 for Q3 on $13.28 billionboth lower than last year's earnings of $0.41 per share on $14.1 billion. Expected by analysts was a lesser Q3 loss of $0.03 per share.

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Intel's Q4 sales estimate, which ranged from $13.3 billion to $14.3 billion, above analysts' average of $13.6 billion, indicating movement for the chipmaker. Especially, the company's powerful 18A processor helped it attract two new clients, highlighting development in its product range.

Intel's data center and artificial intelligence division's revenue is above analysts' projection of $3.1 billion, which is $3.35 billion. Intel's consumer chip division, Client Computing Group, reported $7.3 billion in sales, somewhat below the $7.4 billion projection. Responsible for outside chip manufacturing, Intel's Foundry company brought in $4.35 billion, less than the $4.4 billion expectation and down from $4.7 billion previous year. Intel's upbeat view improved its stock despite these mixed results since investors responded favorably to the earnings beat and growth projection.

This article first appeared on GuruFocus.