Intel: Impressive Q2; Focus Shifts to Back-to-School

As expected, the huge Q2 earnings and revenue surprise by Intel (INTC) last night has triggered a huge tech rally.

The question, though, is whether this is whether the trend will continue – and in particular, whether the U.S. consumer will be buying PCs in the upcoming back-to-school period.

The analysts who track Intel appear split on the company’s prospects. On the one hand, the company dramatically beat their Q2 numbers, and provided Q3 guidance that likewise were way ahead of the Street.

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