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NEW YORK (TheStreet) –- Despite investor nervousness following gloomy guidance from Micron (MU) - Get Micron Technology, Inc. (MU) Report and SanDisk (SNDK) on their respective earnings reports, chip giant Intel (INTC) - Get Intel Corporation (INTC) Report should report strong fourth-quarter and full-year financial results Thursday, helped by its push into the Internet of Things.

Analysts are looking for fourth-quarter earnings per share of 66 cents on revenue of $14.7 billion, representing year-over-year growth of 30% and 6%, respectively. For the full year, Intel is expected to report earnings of $2.24 a share on $55.8 billion in revenue, up 18% and 6% from a year earlier, respectively.

In other words, Intel is expected to deliver, as it did throughout 2014.

After beating the market last year with 40%-plus stock gains, helped by the rebound in the personal computer industry, Intel is poised to do it again in 2015, helped by its huge bets on the IoT, which refers to objects and devices that are virtually connected through the Internet.

According to research firm IDC, the IoT is the next mega-growth market within technology.

Intel's push into the IoT represents its effort to beat rivals Broadcomundefined and Qualcomm (QCOM) - Get QUALCOMM Incorporated Report to the punch, after it missed out on the growth in mobile devices. The company has developed quite an advantage, which makes it a good stock to hold this year and beyond.

Global spending on the IoT will exceed $1.7 trillion, up 14% from last year, according to IDC's global market predictions for 2015.

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And nearly 15 billion devices will be sold this year alone, according to IDC.

But it won't be just a one-year phenomenon.

By 2020, IDC expects IoT spending to climb to $3 trillion and projects that nearly 30 billion devices will be connected, which bodes well for Intel because its spent most of last year preparing for this type of growth explosion.

Intel's move into the IoT also affirms Intel's bet on Basis Science, a company that specializes in wearable devices for health and wellness applications, which Intel bought last year. In addition, Intel is working on chips to power objects such as door locks and thermostats, the type that can be uniquely identified and controlled through the Internet.

And if IDC's prediction is correct and the IoT market does explode this year, Intel would only need to capture 1% market share to build its IoT business into a $10 billion revenue stream annually. And a 1% share is conservative.

All this, coupled with Intel's dividend of 2.47%, makes the company one of the best investments in technology, if not the entire market.

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.