GO
Loading...

Enter multiple symbols separated by commas

Intel's Results a Bullish Sign for Chip Makers: Analyst

Intel’s better-than-expected earnings were helped by strong global demand for computer chips, which should help quarterly results at other semiconductor makers, an analyst told CNBC.

“The global demand picture continues to come in better than expected,” said Craig Berger, senior vice president of equity research for FBR Capital Markets.

Demand for computer chips was particularly strong in Asia and from corporations, which "feel better about spending," Berger said.

Advanced Micro Devices and Marvel Technology will be among those expected to benefit because they are big makers of semiconductors for personal computers, he added.

Intel, the world’s largest chip maker announced better-than-expected results after the bell on Tuesday, sending its stock up sharply.

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Squawk Alley