SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sam9/6/2019 8:13:17 AM
2 Recommendations

Recommended By
Return to Sender
richardred

   of 95526
 
Intel is optimistic about cloud spending and an AMD price battle
By Wallace Witkowski
Published: Sept 6, 2019 8:00 a.m. ET

Chip stocks saw a second big day of gains Thursday as analysts digested Intel Corp.’s forecast of a recovery in cloud spending in the second half of the year.

On Wednesday, Jason Grebe, Intel’s INTC, +0.72% data-center group vice president, said at a Citigroup conference that cloud-provider buying patterns for the second half of the year are now back in line with expectations and “starting to get a little bit stronger.” It is much stronger language than other Intel executives have used as the chip giant faces a slowdown in cloud sales that has rippled across the industry and led to predictions of a second-half rebound.

Customer order patterns “seem to corroborate our story that first half was kind of an inventory drain, a burn off of the 2018 kind of big year,” Grebe said.

continues at marketwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News