"We think 1Q will be the bottom at 56.5% and expect GM (gross margin) improvement to 59% in 2Q, driven by upside in demand, lower inventory, and depreciation," wrote Lazard Capital Markets analyst Daniel Amir. "Intel shares have historically traded in correlation with its GMs (gross margins)." "In our view, management could be trying to set a bottom to gross margin levels in Q1," added RBC Capital Markets Freedman. Intel is also expected to update investors on its CEO succession plan. In November, the Santa Clara, Calif.-based firm announced that CEO Paul Otellini will retire at the company's annual shareholders meeting in May 2013. Shares of Intel, which recently set out its chip roadmap for mobile devices, rose 1.31% to $22.41 on Thursday. -- Written by James Rogers in New York.Follow @jamesjrogers >To submit a news tip, send an email to: email@example.com.