Analysis: Intel's Q2 Performance Expected to Be Strong, but Market Sentiment Remains the Biggest Variable

The Odaily Planet Daily reports that Intel will release its second-quarter earnings report after the U.S. stock market closes on July 23rd Eastern Time. In this regard, investment bank Wedbush stated that Intel is expected to deliver a "strong" performance, but investor sentiment remains a huge uncertainty. The data center business is likely to be the main driver of Intel's quarterly revenue growth, with sales in this segment expected to increase by 10% quarter-over-quarter and 40% year-over-year. Due to a double-digit percentage increase in average selling price (ASP) during the quarter, the company may also benefit from enhanced pricing power.