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.