In today's video I look at recent earnings for Intel (INTC -0.11%) and what investors should keep an eye on during the announcement of AMD's (AMD -4.22%) earnings, which is scheduled for Tuesday, July 27. Below I share a few highlights from the video.
- Intel reported earnings on July 22, 2021. The company reported strong year-over-year (YOY) growth demand in its client computing and Internet of Things group. Intel's stock price dropped over 5% on July 23, 2021, as investors were not happy with the YOY decline in data center revenue and the fact that numerous analyst firms had lowered the price target on Intel.
- AMD investors should keep an eye on the enterprise, embedded, and semi-custom segment, which includes revenue from the data centers and gaming consoles. Intel reported a 9% YOY decline in its data center group during Q2 earnings, and it could be a bullish sign if AMD reports growth in this segment, as AMD could be taking market share from Intel.
- AMD investors should also keep an eye on the computing and graphics segment, which includes revenue from its graphics cards and processors for laptops and desktops. Intel reported 6% YOY growth in its client computing group during Q2 earnings due to strong demand, and the strong demand could also accelerate AMD's growth.
*Stock prices used were the midday prices of July 23, 2021. The video was published on July 23, 2021.