Intel Corporation (NASDAQ:INTC)‘s Earnings Report for the third quarter is scheduled to be released today at 4:00 pm Eastern Daylight Time but there is a certainty that surrounds the unreleased numbers. CNBC released its own short segment on why Intel Corporation (NASDAQ:INTC) needs to be hailed in this falling stock price environment.
Intel has held its own in storms that many other companies haven’t been able to withstand. The latest being the topsy turvy environment prevalent on the Stock Exchange these days in light of fears of a slowdown in the global economy.
Other circumstances where Intel Corporation (NASDAQ:INTC) kept the image of the company intact is the case of declining desktop sales. The company survived the ordeal unscathed. This is because no matter how we choose to see our future as a human race, there is one critical component in it, which we cannot disregard, the processor. Following the demise of the desktops, Intel Corporation (NASDAQ:INTC)’s processors found another home.
“[…] In this cloud computing age, people forget that cloud computing all those servers requires processors and Intel Corporation (NASDAQ:INTC) is powering a lot of those processors, that’s really helped their stock price, helped them diversify their portfolio […],” reported CNBC.
There are bright prospects for the giant chip manufacturer in the future too. Intel Corporation (NASDAQ:INTC) has made substantial investments in both wearable technology and processors for mobile devices. These investments are scheduled to bear fruit soon, but even without them Intel continues to climb the ladder of success.
Moreover, chip manufacturing is a business that has a high barrier of entry in terms of both monetary and intellectual starting capital. Hence, Intel Corporation (NASDAQ:INTC) is scheduled to hold on to its position of prominence in the tech industry for a long time.
Intel Corporation (NASDAQ:INTC) has shown remarkable resilience in the current volatile market. The stock is up about 2% today and is trading at $32.12 ahead of its earnings report.
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