Although Chinese tech stocks are probably one of the most unloved parts of global stock markets right now, it’s also worth taking a step back and looking at the actual businesses.
One of those companies under the microscope in China has been Alibaba Group Holding Ltd.
Alibaba also happens to have a dominant presence in the cloud computing market in China through its Alibaba Cloud business.
In the US, most of us will be aware that the two leading players in cloud computing, Amazon and Microsoft Corporation， make incredible amounts of money from the sector.However, given the size and depth of the US market it's understandable. China's cloud market is still young, though. So, beyond the headlines, is Alibaba's cloud business actually just a younger version of Amazon?
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Intel is scheduled to report Q2 earnings at 5:00 PM ET on July 22 or 5:00 AM SGT on July 23 after the close of markets. As the chipmaker suffers through a wait-and-see approach from Wall Street, the company is expected to provide plenty clarity beyond financial performance, including the changes and developments under Chief Executive Pat Gelsinger, the outlook for data-center sales and product delays.
Intel's earnings have been flat or declining for the last three quarters. The company earned an adjusted $1.39 a share on sales of $19.67 billion in Q1 2021, and reported a 20% drop in data-center sales, while smaller rival AMD announced its data-center sales more than doubled.
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