Intel (INTC) may deliver better-than-anticipated Q4 figures amid solid demand in personal computers and server needs, but uncertainty surrounding the chipmaker persists, Wedbush Securities said in a note Tuesday.
In addition, a "seemingly conservative" margin outlook will likely create some room for upside in the company's Q4 results, Wedbush said.
Intel will release its Q4 results on Thursday.
Looking ahead, Intel's Q1 results may also be better than estimates amid the "continued server strength" although there may be "more puts and takes" caused by factors like decreasing PC builds and increasing costs for dynamic random-access memory, the investment firm said.
Wedbush said uncertainty surrounding Intel includes the newsflow related to US policy and investments in the company which "have had seemingly disproportionate impacts on the stock," as well as its lower-end models with integrated graphics despite "relatively positive" initial reviews.
Wedbush kept its neutral rating on Intel and $30 price target.
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