Intel has capacity for its server processors and is selling a lot of Xeons as cloud providers are building out data centers at a rapid clip. That data center demand is buying Intel time to address PC chip shortages, ramp its 10nm processors and develop its AI-based roadmap.
The processor giant crushed its fourth quarter earnings targets with revenue up 8% and non-GAAP earnings of $1.52 a share. Intel delivered $72 billion in revenue for 2019 in what was a challenging year.