Analyst breaks down the positives in Intel's Q1 earnings results

Intel sales were essentially flat and profit dropped in the first quarter of 2021 in CEO Pat Gelsinger’s first earnings report at the helm. Intel’s earnings per share were significantly higher than analyst estimates and the company’s own forecast, but Intel stock was down more than 3% in extended trading. Sales were also above analyst estimates. Vijay Rakesh, managing director a Mizuho Americas, joined "Squawk Box" on Friday to discuss.