Intel, AMD seen posting gains on rising PC, server demand
Semiconductor behemoths to kick off technology earnings season
Intel Corp. (INTC:$22.45,00$0.14,000.63%) and Advanced Micro Devices (AMD:$9.35,00$-0.07,00-0.74%) will kick off earnings season for the high-tech industry next week, with analysts expecting both chip behemoths to post sales gains on strengthening demand for personal computers and servers.
But analysts also will likely watch for signs of excessive supply as concerns linger about the state of the economy, despite the view that corporate technology demand is on the rise.
Other points of interest.
‘MSFT’ is trading at $30.25 a share.
‘BRCD’ is trading at $6.35 a share.
‘C’ is trading at $4.55 a share.
‘CWTR’ is trading at $7.70.