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The chip giant's shares have rallied more than 24 percent in 2014, making it the best performer in the Dow 30. Over the past 12 months, shares have soared more than 38 percent.
That strong track record could continue after Intel reports earnings after the bell on Tuesday. According to Factset, analysts are forecasting Intel's third-quarter earnings of 65 cents per share, an increase of 7 cents over what the company reported a year ago. That's a 12 percent increase in earnings from a year ago.
Intel's revenue is also expected to rise to $14.45 billion, compared with $13.5 billion in sales for the same period last year.
And Intel is bucking the trend in the semiconductor sector. The chip sector is on the fast track for a correction. Case in point: The Philadelphia Semiconductor Index has lost more than 11 percent just in the past month, the largest monthly decline for the index since August 2010.
But while chip stocks are sliding, Intel continues to hold up and even outperform the rest of the market.
Analysts are bullish on the chip company. Doug Freedman of RBC said he expects the company to beat on revenue thanks, in part, to better than expected PC growth numbers.
Intel is also investing in the future. The company recently disclosed its plan to invest $1.5 billion in mobile phone chips for the Chinese market.
It's all part of Intel CEO Brian Krzanich's plan to get Intel's chips into more devices and to capture a greater share of the fast-growing emerging markets.