US semiconductor giant Intel (INTC.US) has indicated that its first semiconductor for the data center industry focused on energy efficiency, Sierra Forest, will be delivered in the first half of next year. The information came after previously signaled longer delays. In addition, Intel is working on the Intel Developer Cloud, for artificial intelligence (AI). The stock reacted with a nearly 6% rally.
- The AI tool would be available for AI developers to train and launch new machine learning models that require high computing power. According to Intel, AI startups Hugging Face and Stable Diffusion are actually using the company's chips;
- The news could mean that the company's Data Center and AI segment will take the fight to the competition. Investors were relieved because in recent months they had viewed the company as a potential 'marauder' in the AI trend. Intel said its next energy-efficient chip, the Clearwater Forest, will hit the market in 2025;
- Intel's super-efficient fourth-generation Xeon process for data centers, Sapphire Rapids, has encountered delays that have given rival Advanced Micro Devices Inc. time to catch up. However, Intel has conveyed that its schedule is now on track. The company is aiming to deliver a Xeon processor by the end of the year, with an even newer generation of Granite Rapids to be released next year (following the debut of Sierra Forest).
- Intel still dominates the PC processor and server market where it holds more than 70% market share according to IDC analysts. The company's problem, however, is that its market share is falling. In 2017, it was 90%.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appIntel shares (INTC.US) are gaining more than 7%. The price overcame key resistance set by previous price reactions and rose above the SMA200 on the D1 interval. It also formed a bullish triple bottom formation near $25 per share. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.