© Reuters KeyBanc January cloud tracker results ‘moderately positive’ for Intel (INTC)
By Sam Boughedda
KeyBanc Capital Markets analysts told investors in a note Thursday that the company’s January cloud tracker results are moderately positive for Intel (NASDAQ:).
KeyBanc explains that its Cloud Instance Tracker uses data analytics to track the “proliferation of semiconductor architectures by region based on available instances for purchase in the public cloud.” It is designed to track the release and proliferation of new architectures.
“Our January results indicate that cloud grew steadily sequentially (+2% m/m, +24% y/y), compared to December (+2% m/m, +23% y/y ), while y/y growth slowed from +33% yoy a year ago,” the analysts wrote. “Sequentially, INTC and AMD grew +2% m/m, while NVDA was flat m/m.”
Analysts also revealed that Intel CPU instances increased 2% m/m as Ice Lake growth accelerated to 10% m/m from 4% m/m in December.
“INTC grew modestly while Ice Lake increased significantly.” the analysts added. “Intel processor deployments were +2% m/m and +13% y/y compared to December (+1% m/m, +11% y/y), and Ice Lake growth accelerated to +10% m/y and +91% y/y, compared to +4% m/y and +76% y/y in December, with expansion seen primarily in GCP.”
Intel shares were up more than 1% before the open on Thursday.
