Looks like demand for semis are higher. They said:
In a scheduled update, Intel targeted sales of $9.1 billion to $9.3 billion. In April, the company forecast sales of $8.6 billion to $9.2 billion.
Intel also forecast quarterly gross margins of about 57 percent, plus or minus a point, ahead of its previous forecast of 56 percent, plus or minus a couple of points. Gross margin is the percentage of sales left over after accounting for production costs.
Both revenue and margins are up which is always a good thing in these markets. As long as capital spending on tech is still there this stock looks pretty decent going forward. Too bad it has had a 25% run up here recently.
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