AI Is Expected To Fuel Up Micron's And Intel's Turnaround
Portfolio Pulse from Upwallstreet
Deutsche Bank's Sidney Ho upgraded Micron Technology Inc (MU) stock due to signals that AI is providing a lift to the memory chip market. Micron's 1-beta DRAM chips are designed for data centers, which are boosting demand for AI servers. Intel Corporation (INTC) shares dropped by 4.5% after CFO David Zinser warned of excess data center chip inventories. However, Intel is launching processors designed to power AI-capable laptops, which could offset some challenges.
September 20, 2023 | 5:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Intel's shares dropped after CFO David Zinser warned of excess data center chip inventories. However, the company is launching AI-capable processors which could offset some challenges.
Intel's shares dropped due to the warning of excess chip inventories. However, the launch of AI-capable processors could potentially offset some of the challenges and stabilize the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Micron's stock was upgraded by Deutsche Bank due to the demand for AI servers, which use Micron's 1-beta DRAM chips.
The upgrade of Micron's stock by Deutsche Bank indicates a positive outlook for the company. The demand for AI servers, which use Micron's chips, is expected to drive the company's growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90