Citi Expects Intel, AMD to Beat Q4 Guidance

Citi Expects Intel, AMD to Beat Q4 Guidance
A logo sits outside the Intel booth during the GSMA Mobile World Congress 2019 in Barcelona, Spain, on Feb. 26, 2019. David Ramos/Getty Images
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Citi analyst Christopher Danely noted that notebook shipments were up 10 percent month-over-month in November due to improved enterprise demand, beating the firm’s forecast for a 6 percent month-over-month increase.

Based on the better than expected notebooks data, overall PC strength, and demand for servers, Danely said he expects both Intel Corpand Advanced Micro Devices Inc. to beat Q4 guidance.