Intel is expected to report after the U.S. close on Thursday, supported by
strong AI chip demand. FactSet consensus: Q2 adjusted EPS $0.22, revenue
$14.4bn. Canaccord analyst Srini Pajjuri said: "We expect server CPU unit sales
to remain in double-digit growth for the year." Planned layoffs in Intel’s
data-center unit could draw investor attention. Analysts will also watch for
disclosures on a potential new customer, Apple — May reports said Apple and
Intel reached a preliminary agreement for Intel to manufacture some chips for
Apple devices. On June 18, former President Trump posted that Apple had agreed
to work with Intel to design and make chips in the U.S. Intel’s results and
guidance will be key to timing of sustained chip demand; market concerns remain.
