Investors should expect Intel earnings to come out largely in line with estimates when the chipmaker releases quarterly results after the bell on Thursday, according to Rosenblatt Securities Managing Director Brian Blair.
Wall Street projects earnings of 66 cents per share on sales of $14.7 billion, according to Thompson Reuters. Chances for upside, however, remain slim for Intel, Blair said. The company has taken market share from rival Advanced Micro Devices, but not enough for it to become a "needle mover," he added.
"There's probably a little bit of room for upside but it would be very slight," Blair told CNBC on Thursday.
The overall PC market declined about 2 percent in 2014 despite a slight uptick in the last quarter, he said.