Analysts see hope in Intel’s earnings but remain wary of structural issues

Intel reported stronger-than-expected results for the second quarter Thursday evening, beating on the top and bottom lines. It was a welcome glimmer of hope for analysts and investors, as the company struggled in the preceding quarters to clear inventory and retool for artificial intelligence-centric, GPU-heavy corporate spend.

Shares of Intel were up about 5% Friday morning.

Wall Street analysts largely cheered the results, driven in large…