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Intel rival Advanced Micro Devices Inc., which reports earnings Thursday, and Nvidia Corp., which makes graphics chips and competes with both AMD and Intel, should be encouraging as well, said Craig Berger, an analyst with FBR Capital Markets.
"Intel's results are clearly much better than feared, and indeed are much better than most investors dreamed possible," Berger wrote in a note to clients. "We think this shows global PC demand is fairly resilient even in the face of macro-driven pressures."