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Intel wins latest race in chip uses for the cloud, says KeyBanc Capital Markets [Yahoo! Finance News]

Intel Corporation (INTC) 
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Chip giant Intel Corp. is leading growth in cloud technology, according to new research from KeyBanc Capital ., In May, cloud instances resumed solid sequential growth, KeyBanc said, increasing 3% from April and 26% compared with the same period last year. This was led mostly by instances harnessing Intel processors, which increased 4% from April and 18% on the same period last year. The growth was mostly fueled by use of Intel’s Ice Lake processor, which grew 10% month-over-month and 71% year-over-year thanks largely to use in Amazon.com Inc.’s, See NowNvidia unveils Ampere GPU architecture for AI boost, and the first target is coronavirus“We view these results as moderately positive for , given modest share gains in cloud for the first time since September 2021,” wrote KeyBanc analyst John Vinh, in a note released Thursday.Cloud instances that used Nvidia Corp., , , cloud instances grew 1% from April and 116% year-over-year. Use of the Show less Read more
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