"The pressure on gross margin will be a function of macroeconomic events," says Adams, who bought Intel shares after Tuesday's post-earnings selloff.
"As long as the international markets don't fall apart -- and I think the U.S. economy will improve in back half of the year -- I think there will be upward pressure on the gross margin," says Adams. Shares of Intel were down $2.65 to $20.05 in midday trading Wednesday.


