Intel Corporation Continues Soaring, No Thanks to Mobile

Data-center income was up 40%, which helped Intel fight through massive losses in mobile.

Jul 24, 2014 at 10:00AM

Intel (NASDAQ:INTC) shares closed up nearly 10% after it announced quarterly earnings -- despite $1.1 billion in losses and $51 million in revenue from its mobile chip division. Essentially, Intel is paying people to use its chips in tablets, but the stock surged in spite of mobile because of stabilizing PC sales and the data-center group income being up 40%.

In the This Week in Tech video below, The Motley Fool's general manager and senior tech analyst, Eric Bleeker, and tech bureau chief, Max Macaluso, talk about Intel's massive gains and whether the stock is still a buy after its recent run-up.

Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!

Eric Bleeker, CFA, has no position in any stocks mentioned. Max Macaluso, Ph.D., has no position in any stocks mentioned. The Motley Fool recommends Intel. The Motley Fool owns shares of Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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