The bottom of the market may have finally been reached for Intel. The company has increased its revenue and growth margin projections for Q3 2009. According to Intel, revenue for Q3 will be $9 billion plus or minus $200 million.

It had previously predicted revenue of $8.5 billion plus or minus $400 million. The CPU maker expects gross margin for the quarter to be 53% plus or minus 2% and it says all other predictions are unchanged.

Exactly why it is raising its expectations are unknown, but odds are it's on reported stock replenishments from major OEMs and computer companies that have helped the GPU industry recently as well. In the case of het GPU industry it was pointed out that, the increase in shipments was not because of an increase in demand from consumers.