21.04.2020 INTEL Daily Analysis

21.04.2020 INTEL Daily Analysis

Intel today is trading at $59.81 it went down with$1.18 from $59.18 Intel first-quarter performance is expected to have benefited from strength in its data center business, on account of the growing adoption of cloud-based solutions amid the coronavirus crisis-induced work-from-home wave. During the quarter, Intel unveiled co-packaged optics on an Ethernet switch, comprising 1.6 Tbps silicon photonics engine integrated with 12.8 Tbps programmable Ethernet switch. The co-packaged solution is aimed at enabling hyperscale data centers to meet the demand for limitless bandwidth in a power- and cost-efficient manner. The chipmaker also rolled out Atom P5900, a system-on-a-chip (SoC), based on 10 nm technology, for wireless base stations aimed at the accelerated deployment of 5G networks. However, on March 24, Intel filed 8K with the SEC, announcing that it is suspending stock repurchases temporarily on account of the coronavirus crisis.