Intel Corporation (INTC): What Shot Shares Through the Roof?

Color me skeptical.

The refreshed Windows 8 platform might make a difference in portable and consumer markets. But I haven’t seen anything that would convince me to bet on that platform in enterprise-class server systems. If anything, expiring XP support might push corporate clients into the proven Windows 7 platform. The newer version is still designed for touchscreen systems above all else, and it doesn’t make sense in corporate workstations or servers.

In the end, this is an empty price boost that will deflate when investors forget about Piper Jaffray’s unconvincing upgrade. I do believe that Intel Corporation (NASDAQ:INTC) deserves higher prices, but I’d never base my investment thesis on a business-class Windows 8 revolution. Intel’s real growth-drivers at this point consist of a late but serious start in mobile computing plus a massive lead in the server market. And Windows 8 has nothing to do with the second catalyst.

The article Why Is Intel Stock Surging Today? originally appeared on Fool.com and is written by Anders Bylund.

Fool contributor Anders Bylund owns shares of Intel, but he holds no other position in any company mentioned. Check out Anders’ bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of Microsoft and Intel. Motley Fool newsletter services have recommended buying shares of QUALCOMM. Motley Fool newsletter services have recommended creating a bull call spread position in Intel. Motley Fool newsletter services have recommended creating a bull call spread position in Microsoft.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.