Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Anusuya Lahiri

KeyBanc Sees Steady Cloud Growth Resuming Led By Intel; Nvidia, AMD

Keybanc AMD John Vinh INTC

The May results indicate cloud instances resumed solid sequential growth driven by computing processors as per KeyBanc analyst John Vinh.
He noted that the growth was led mainly by Intel Corp (NASDAQ:INTC) instances, while NVIDIA Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) instances increased modestly.
Ice Lake primarily drove INTC CPU instances. NVDA GPU instances grew led by the ramps of Ampere, mostly at Alibaba Group Holding Limited (NYSE:BABA).
AMD CPU instances increased with Milan deployments.
Vinh views these results as moderately positive for INTC, given modest share gains in the cloud for the first time since September 2021.
Vinh maintained an Overweight on AMD with a price target of $150 (80% upside).
Vinh maintained a Sector Weight and a price target of $40 on INTC (7% upside).
Vinh maintained an Overweight with a price target of $250 on NVDA (53% upside).
Price Action: AMD shares traded lower by 1.35% at $82.62 on the last check Thursday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Biden asserts executive privilege to block Republicans from accessing his interview with special counsel - live

Biden asserts executive privilege to block Republicans from accessing his interview with special counsel - live

President’s move comes as House Republicans sought to hold attorney general in contempt; White House condemns GOP ‘partisan political’ motivations

The Guardian - US

Washington is pushing policies to combat antisemitism. Critics say they could violate free speech

Washington is pushing policies to combat antisemitism. Critics say they could violate free speech

In the wake of campus protests, some say proposals are part of of a broader effort to silence criticism of Israel

The Guardian - US

Family of Lewiston shooter to testify before commission investigating tragedy

Family of Lewiston shooter to testify before commission investigating tragedy

An independent commission investigating Maine's deadliest mass shooting is preparing to hear from the shooter’s family for the first time

The Independent UK

Mayor Eric Adams tries to walk back comments calling migrants ‘excellent swimmers’ following backlash

Mayor Eric Adams tries to walk back comments calling migrants ‘excellent swimmers’ following backlash

One immigrant rights group called the comment by New York Democrat ‘racist’

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Keir Starmer planning surprise raids into Tory strongholds to pull off shock general election wins

Keir Starmer planning surprise raids into Tory strongholds to pull off shock general election wins

The Labour leader headed to Essex to unveil ‘Six First Step’ pledges for the general election

Evening Standard

Over 80,000 Illinois people banned from owning guns still keep them, report shows

Over 80,000 Illinois people banned from owning guns still keep them, report shows

In Illinois, 114,000 people are banned from owning guns because of legal tangles or mental health issues

The Independent UK

Related Stories

Top stories on inkl right now

Biden asserts executive privilege to block Republicans from accessing his interview with special counsel - live

Biden asserts executive privilege to block Republicans from accessing his interview with special counsel - live

President’s move comes as House Republicans sought to hold attorney general in contempt; White House condemns GOP ‘partisan political’ motivations

The Guardian - US

Washington is pushing policies to combat antisemitism. Critics say they could violate free speech

Washington is pushing policies to combat antisemitism. Critics say they could violate free speech

In the wake of campus protests, some say proposals are part of of a broader effort to silence criticism of Israel

The Guardian - US

Family of Lewiston shooter to testify before commission investigating tragedy

Family of Lewiston shooter to testify before commission investigating tragedy

An independent commission investigating Maine's deadliest mass shooting is preparing to hear from the shooter’s family for the first time

The Independent UK

Mayor Eric Adams tries to walk back comments calling migrants ‘excellent swimmers’ following backlash

Mayor Eric Adams tries to walk back comments calling migrants ‘excellent swimmers’ following backlash

One immigrant rights group called the comment by New York Democrat ‘racist’

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Keir Starmer planning surprise raids into Tory strongholds to pull off shock general election wins

Keir Starmer planning surprise raids into Tory strongholds to pull off shock general election wins

The Labour leader headed to Essex to unveil ‘Six First Step’ pledges for the general election

Evening Standard

Over 80,000 Illinois people banned from owning guns still keep them, report shows

Over 80,000 Illinois people banned from owning guns still keep them, report shows

In Illinois, 114,000 people are banned from owning guns because of legal tangles or mental health issues

The Independent UK

Our Picks

Avril Lavigne addresses body double conspiracy theory

Some fans believe the singer died in 2003 and was replaced by a doppelgänger named Melissa

The Independent UK

Adam Sandler to reprise Happy Gilmore role as Netflix announces sequel

Beloved 1996 sports comedy is one of actor’s most popular films

The Independent UK

Marvel Finally Reveals the Actual Title for The Agatha Harkness ‘WandaVision’ Spinoff

After years of flip-flopping, we finally know what Agatha Harkness' 'WandaVision' spinoff will be called. It's a good one!

Squid Game season 2: release date, first-look, cast and everything we know so far

Squid Game season 2 is on its way and has been officially confirmed by Netflix.

I’m with the band: who knew Antony Blinken could play rock classics?

The US secretary of state, who performed with a Kyiv band in a bar this week, is the latest musically inclined politician to hit the stage

The Guardian - UK

Peter Jackson says The Lord of the Rings Gollum movie explores territory "we didn't have time to cover" in the original trilogy

"It's too soon to know who will cross his path, but suffice to say we will take our lead from Professor Tolkien"

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play