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Intel Earnings Preview: AI Momentum Faces Crucial Test Against Margin Pressure

Intel  heads into its April 23 earnings with  rising investor expectations , but the key question remains whether  AI-driven CPU demand can offset ongoing margin weakness . Revenue Stable, But Margins Under Pressure Intel is expected to deliver  Q1 revenue around US$12.4 billion , slightly above the midpoint of its guidance range. However, the real concern lies in profitability: Gross margin guided at 34.5% , down from  39.2% a year ago EPS near breakeven (~US$0.00)  vs  US$0.13 last year This highlights  continued pressure from costs, utilisation, and product mix , despite improving demand signals. AI CPUs: A Key Growth Driver Intel’s near-term bullish case centers on  AI-related CPU demand , particularly its Xeon processors. A key development is its partnership with  Alphabet , which reinforces: Intel’s role in  AI data centre infrastructure Growing demand for  AI inference and general-purpose computing Investors will watch c...
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Thailand Stocks Surge on Surprise Rate Cut; Baht Holds Steady

BOT’s Unexpected Move Spurs Market Rally

  • The Bank of Thailand (BOT) cut its interest rate by 0.25 percentage points, surprising economists.
  • The move aims to support economic growth and weaken the baht to boost exports.
  • 16 out of 26 economists in a Reuters poll had expected no change in policy.

Market Reactions

  • Thai stocks jumped 2%, rebounding after two consecutive sessions of losses.
  • The baht remained flat, despite expectations of further rate cuts later this year.
  • Other Asian markets gained:
    • Philippines (+1.3%)
    • Malaysia (+1.2%)
    • China (+1%)

Regional Currency Movements

  • Singapore dollar, Malaysian ringgit, and Indonesian rupiah fell 0.2%.
  • Taiwan dollar traded flat after Taiwan revised down its 2025 GDP forecast to 3.14% from 3.29%.
  • US dollar index gained 0.3%, recovering from an 11-week low.

Outlook & Future Risks

  • Analysts expect one or two more rate cuts if the US imposes tariffs on Thailand or if global growth slows.
  • BOT joins South Korea in easing rates, while Indonesia and the Philippines kept theirs unchanged.
  • The Trump administration’s semiconductor restrictions on China remain a key global economic factor.

Summary:

  • BOT unexpectedly cut interest rates by 0.25%, boosting Thai stocks by 2%.
  • The baht remained stable, while regional currencies saw slight losses.
  • Further rate cuts are possible, depending on global risks.
  • Markets in China, the Philippines, and Malaysia also posted gains.
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