Intel Corporation Continues Soaring, No Thanks to Mobile

By Eric Bleeker and Max Macaluso – Jul 24, 2014 at 10:00AM

NASDAQ: INTC

Intel

Market Cap

$148B

Today's Change

(-1.79%) -$0.64

Current Price

$35.04

Price as of April 18, 2024, 4:00 p.m. ET

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

Intel (INTC -1.79%) 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.

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. 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.