Intel Impressive Q3 Earnings, Stock 17 Year High, Strongest day for 3 Years

Just before everyone heads off to their weekend,  Intel posted an impressive Q3 earnings despite insurgency from AMD's Ryzen. Every Intel's division beat out expectations, certainly from the PC community due to the rise of AMD in 2017, which positioned itself as a strong and direct competitor to Intel's core business after a three-year break, Intel has been a monopoly within the time frame.


On Friday, Intel stock (INTC) closed up 7.4% at $44.40.

• Earning Per Share (EPS): $1.01 vs $0.80 expected
• Overal revenue: $16.15 billion vs $15.73 billion expected
• Client computing revenue: $8.86 billion vs $8.68 billion expected
• Data center revenue: $4.88 billion vs $4.79 billion expected

However, despite Intel's PC business still being the company's biggest earner, the revenue is basically flat compared to a year ago. Meanwhile, what's really making a growth is from their data center, Internet of Things (LoT), and memory businesses collectively grew 15 percent year-over-year. 

• Data center group grew 7% 
• LoT division grew 23%
• Nonvolatile memory group grew 37%
• Programmable solutions group grew 10%

Still managing to secure a 78% CPU market share, spreading focus above and beyond, Intel found itself in a really good position after AMD reentered the PC processor business attacking both mainstream and server levels.

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For more information:
MarketWatch: https://goo.gl/nkVjnL
CNBC: https://goo.gl/y9Yc19
Hot Hardware: https://goo.gl/zREaeo
PassMark Software: https://goo.gl/S5NAz5