Intel Expected to Post Strong Second-Quarter Results, Wedbush Says

Intel is set to report second-quarter earnings after the U.S. market closes on July 23, Eastern Time. According to Odaily, Wedbush said Intel is expected to deliver strong results, but investor sentiment remains a major uncertainty. Wedbush said Intel's data center business may be the main driver of quarterly growth, with sales expected to rise 10% sequentially and 40% year over year. The bank also said the company may benefit from stronger pricing power after average selling prices rose by double digits during the quarter.