Intel Stocks Jump 5% With First Piece of Good News on 10 nm
The tides at Intel have been blacker than they have been blue due to woes in silicon production - and the slow, sure steps of their rival AMD. It's been a rough, domino-powered ride: Intel has faced delay after delay of their 10 nm fabrication process technology. This, in turn, has constrained their production capacity, leading top shortages and increasing prices of Intel processors, and expensive chipset redesigns, moving them up from Intel's top-of-the-line 14 nm process back to 22 nm. So, yeah, after such a stream of lows, the first high note to be struck leaves a much lasting impact - and this has happened on Intel's stock pricing.
A research report from Steve Mullane, analyst at BlueFin Research Partners, says that Intel could be looking on sooner-than-expected ramp-up of their 10 nm process - slated for a June 2019 timeframe. "Intel's second-half production levels suggest upside to analyst revenue estimates for the fourth quarter and first quarter of 2019," further stating that suppliers believe production of new 10 nm silicon could be pulled forward from the June 2019 timeline by four to six weeks. This news brought about a jump in Intel share price up by 5%, while simultaneously reducing AMD's stock price by some 3.6%. At the end of trade day, these highs and lows converted to a 3.55% increase for Intel and a 7.65% drop for AMD.
A research report from Steve Mullane, analyst at BlueFin Research Partners, says that Intel could be looking on sooner-than-expected ramp-up of their 10 nm process - slated for a June 2019 timeframe. "Intel's second-half production levels suggest upside to analyst revenue estimates for the fourth quarter and first quarter of 2019," further stating that suppliers believe production of new 10 nm silicon could be pulled forward from the June 2019 timeline by four to six weeks. This news brought about a jump in Intel share price up by 5%, while simultaneously reducing AMD's stock price by some 3.6%. At the end of trade day, these highs and lows converted to a 3.55% increase for Intel and a 7.65% drop for AMD.