Jerome Dodson Comments on Intel

- By Holly LaFon

Semiconductor giant Intel ( NASDAQ:INTC ) trimmed 14 basis points from the Fund's return, as the stock dropped 6.5%, from $36.07 to $33.74. The stock fell after Intel's data center business reported lower-than-expected growth and margins. We expect the second half of 2017 will be better for the data center business, driven by new product launches, healthy demand and cost control. Longer term, the outlook for Intel's chips is fantastic thanks to a myriad of technological advancements, including cloud computing, artificial intelligence, machine learning, driverless cars and the internet of things (IOT).

• Warning! GuruFocus has detected 4 Warning Signs with INTC. Click here to check it out.

• INTC 15-Year Financial Data

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From Jerome Dodson (Trades, Portfolio)'s second quarter 2017 Parnassus Fund commentary.
This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 4 Warning Signs with INTC. Click here to check it out.

• INTC 15-Year Financial Data

• The intrinsic value of INTC

• Peter Lynch Chart of INTC