Intel Sees Slower Data Center & IoT Growth, Though Stronger Growth Expected In Coming Quarters

The world’s largest semiconductor company, Intel released its Q2 2016 earnings on July 20th. The company’s revenue came in-line with its guidance, while its profitability exceeded both company guidance and analyst expectation. However, Intel’s stock saw a marginal decline in after-hours trading yesterday. This can be attributed to the slower growth in the data center business and a quarter-over-quarter decline in Internet-of-Things (IoT) revenue. We believe that the data center slowdown is...