The analysts point out that Intel has said it saw "significant positive inventory impacts" during the second half of 2014 that probably won't repeat in the first half of this year. As a result they expect the data points to worsen, and some of their contacts in Intel's supply chain are concerned that business will slow down even though end demand remains OK. They also say the weakness hasn't appeared just yet though, but they remain Underweight -rated on Intel shares with a $30 per share price target.