Wedbush: Intel's Q 2 results are expected to be strong, but market sentiment remains the biggest variable
[Wedbush: Intel’s Q2 results are expected to be strong, but market sentiment is still the biggest variable] Intel will announce its second-quarter financial report after the U.S. stock market closes on July 23, Eastern Time. In this regard, investment bank Wedbush said that Intel is expected to deliver "strong" results, but investor sentiment remains a huge uncertainty.
Intel will announce its second-quarter earnings after the U.S. stock market closes on July 23, Eastern Time. In this regard, investment bank Wedbush said that Intel is expected to deliver "strong" results, but investor sentiment remains a huge uncertainty. The data center business is likely to be the main driver of Intel's quarterly performance growth, with sales in this business expected to increase by 10% month-on-month and 40% year-on-year. The company also likely benefited from increased pricing power as average selling price (ASP) posted double-digit percentage growth in the quarter.