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Intel (Nasdaq: INTC) Stock Up as Shift from PCs Bears Fruit

INTC stock

Intel Corp. (Nasdaq: INTC) stock rose as much as 4.5% Wednesday after the chipmaker's Q1 earnings showed double-digit growth in its data center business.

That's just what investors wanted to see, as the PC and mobile chip division, now combined into something Intel calls its Client Computing Division, saw revenue decline 8% year over year.

INTC stock rose as high as $32.94 in mid-day trading.

The Q1 Intel earnings provided plenty of evidence that Intel's transition to newer businesses is working...

Intel Stock Price Hinges on Earnings Guidance for 2015 (INTC)

Nasdaq INTC

When Intel Corp. (Nasdaq: INTC) reports earnings after the market close today (Tuesday), the company's guidance for 2015 will have the greatest impact on the Intel stock price.

While guidance is always closely watched, it will carry an unusual amount of weight for Intel earnings this time around. The Santa Clara, Calif.-based chipmaker withdrew its guidance for the rest of 2015 on March 12, saying it would update its yearly forecast when it released Q1 earnings.

Still, the new guidance won't be the only earnings news that could affect the Intel stock price.

Here's what investors need to watch...

Can "Perceptual Computing" Help Intel Get Its Groove Back?

It's like something out of "Star Trek." This new technology could help the chip giant turn things around for good.

Intel (Nasdaq: INTC) CEO Otellini: Leaving While the Leaving is Good

Intel Corp. (Nasdaq: INTC) CEO Paul Otellini made a surprise announcement of his retirement from the firm yesterday (Monday).

Otellini, who has worked for Intel for forty years and has been CEO for the past eight years, said in a statement that "...it's time to move on and transfer Intel's helm to a new generation of leadership."

Opinion has been divided over Otellini's tenure as Intel's CEO. While he has increased revenue and dividends, Intel's share price has risen by only about 1% annually.

Intel has clearly missed the boat on making mobile devices.

Gus Richard, who covers Intel for Piper Jaffray, wrote, "As the PC market has stagnated, Intel has tried to pivot to mobile and increasingly to foundry. However, Intel has had very limited success in mobile and Intel's prices for foundry wafers are 3x that of TSMC's [Taiwan Semiconductor (NYSE ADR: TSM)]."

Richard, who has a "Neutral" rating on Intel shares, continued, "The new CEO will also have numerous internal conflicts to resolve while moving the company forward. Although Otellini's departure is billed as a retirement, in many cases it is not a positive sign when a CEO leaves."

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