21.05.2020 Intel Daily Analysis

21.05.2020 Intel Daily Analysis

Intel today is trading at $63.10, it is trading higher with $2.81 mainly because on Wednesday it announced it has acquired Rivet Networks to boost WiFi offerings for its PC products. Intel executive Chris Walker noted that households, on average, have 11 WiFi-enabled devices, he said Comcast Corp has reported that WiFi-connected video calls and video conferencing have increased over 283% in recent months, and Charter Communications says more than 90% of the traffic on its ISP network is WiFi-based. Intel acquired Rivet Networks which is a leader in software and cloud-based technologies for networking connectivity. Intel and Rivet’s Networks have now partnered to build the Killer AX1650 Wi-Fi solution, which Intel says will deliver immersive entertainment and gaming experiences along with powerful Wi-Fi 6 technology. According to intel, Rivet Networks’ capabilities, including its software, are complementary to Intel’s wireless products and capabilities.“Rivet Networks’ products deliver speed, intelligence, and control for gamers and performance users. Its products maximize Wi-Fi bandwidth utilization and optimize the wireless network connection on your platform” stated Chris Walker, corporate VP of Intel’s Mobile Client Platforms Group. This, therefore, made Intel shares to trade higher today.