Tech Five: Intel surges off earnings

It's a busy morning in tech between earnings, a big telecommunications deal and Google getting in trouble with the EU. Let's take a look at the tech stocks to watch Wednesday:

Intel. Shares are up more than 3% in pre-market trading after the chip maker's first quarter results topped forecasts. The company reported $12.8 billion in revenue and $2 billion in profit for the quarter. Intel is predicting revenue growth for the year will be flat.

Netflix. The streaming media giant reports first quarter earnings after the markets close Wednesday. Netflix is projected to report $1.57 billion in revenue with earnings of 69 cents a share.

Google. The European Union accused the tech giant of abusing its position atop the Web search space by giving special attention to its comparison product when visitors shop online. Google accounts for 90% of all searches in Europe.

Nokia. The telecommunications company announced it would acquire Alcatel-Lucent for $17 billion. The deal is expected to close in 2016.

Apple. The company confirmed it acquired Israeli-based camera startup LinX, reports The Wall Street Journal. The startup specializes in making smaller cameras for tablets and smartphones.

Follow Brett Molina on Twitter: @brettmolina23.