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Analysts see hope in Intel's earnings but remain wary of structural issues

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Analysts praised Intel's second-quarter earnings but expressed concerns about continued execution and pressure from shifting enterprise spend priorities.

Wall Street analysts largely cheered the results, driven in large part by PC sales, but cautioned that the company had larger issues that would offer significant headwinds.

"We expected spending on Nvidia GPUs to come at the expense of Intel and AMD CPUs, and Intel stated the data center market will be weak for a while. In addition, Intel continues to chase growth in markets where we think it will not succeed, such as foundry and graphics," Danely wrote.

 

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