Intel CEO Bob Swan is staying mostly upbeat on the path forward for the tech giant this year.
“So we had an outstanding first quarter. Our expectations for the second quarter are relatively strong. And our outlook for the second half is honestly, it’s a bit cloudy in light of how these global pandemic impacts on the economy is going to impact demand signals for the industry. But the first half will be very strong and we’ll learn more as we go through the second quarter for the outlook for the year,” Swan said on Yahoo Finance’s The First Trade.
Swan has a lot of reasons to stay optimistic on the trajectory of Intel even in the face of COVID-19, which has weighed on companies’ capital expenditure spending plans. Chief among them is a bang-up first quarter, underpinned by strength in the cloud business, PCs, and autonomous driving platform Mobileye.