TradingKey – Intel (NASDAQ: INTC) was trading near $96.98 on July 16 following a roughly 5.8% drop amid a broader chip industry sell-off. On the year, however, the stock is up dramatically after investors became encouraged by higher server chip demand, better expense control and a revived belief in Intel’s manufacturing turnaround. The next big event is Intel’s second-quarter earnings release on July 23 after the US stock market closes. For the time being, forecasts remain Intel’s second-quarter revenue, earnings and margins.

Intel’s Investor Calendar lists the earnings call for July 23 at 2:00 p.m. Pacific Time. The investment case for Intel is largely tied to whether its chief executive, Lip-Bu Tan, can boost revenue and profitability…