Intel’s Server Chips at Risk of ‘Fourth Wave’ of Computing, Says Jefferies
Intel's dominance of the data center is at risk as the computing industry moves to a "fourth wave," according to Jefferies & Co.'s Mark Lipacis, of which the poster child is Intel's rival, Nvidia.
By Tiernan Ray
July 10, 2017 9:19 a.m. ET
Shares of Intel ( INTC) are down 68 cents, or 2%, at $33.20, in early trading, after Jefferies & Co.’s Mark Lipacis cut his rating on the stock to Underperform from Hold, and cut his price target to $29 from $38, warning that the company is the most in danger of a new wave of computing, parallel processing.
Lipacis makes the case that parallel processing computing, best exemplified by Nvidia ( NVDA), on whose shares he has a Buy rating, is the fourth big changing in computing, following mini computers, PCs, and smartphones:
continues at barrons.com |
