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Cloud arms race buys Intel time, massive profits, but indigestion likely

January 24, 2020

Via: ZDnet
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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.

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