After Intel reported stronger than expected results but the stock fell, JMP Securities says the decline in the stock was probably due to the slowing growth of the company's data center unit and its admission of some weakness in the market, along with exacerbating concerns about the slowing of Moore's Law. However, JMP notes that the company's gross margins continue to rise, and the firm thinks the company will benefit from increased enterprise spending on Windows 10 and next-generation Xeon platforms. The firm reiterates a $45 price target and Outperform rating on the shares.