Intel’s shift to higher-growth businesses such as server chips and embedded chips for cars could drive a 25 percent increase in its shares in a year, financial sources say.
According to Barron’s, while there is a risk that Intel could cut its financial guidance for the year when the chipmaker reports earnings today, it is tipping a return to sustainable growth by year’s end.
While Intel has struggled to grow as demand for PCs has dropped, Barron’s said growth in the company’s datacentre group, which includes server chips, could offset the fall in revenue.
