Yesterday Intel announced better than expected financial results and once again has proven that analyst do not always know the real situation and that they tend to predict a lot.

Intel has announced $8 billion of revenue, which is some 12 percent better than Q1 09. This is highly unusual as Q2 tends to be weaker of the two. Intel made a billion, but if you take in account European Commission fine, Intel made 12 million operating income loss and $398 net income loss. 

The news on Intel's Q2 profit boosted AMD by close to 10 percent, to $3.90 at press time, Nvidia is up 3.64 percent to $11.10, while Intel is up to $18.02 per share or 7.13 percent. Microsoft, Google, Yahoo and Apple all gained about 3 percent.

The market believes that good times for IT are ahead of us, as people tend to buy more PCs in Q3 2009 and over the past quarter people have obviously spent more than analysts had expected.