{"id":36079,"date":"2015-05-13T08:15:17","date_gmt":"2015-05-13T12:15:17","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=36079"},"modified":"2015-05-13T08:15:17","modified_gmt":"2015-05-13T12:15:17","slug":"intel-corporation-nasdaqintc-wait-and-watch","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/intel-corporation-nasdaqintc-wait-and-watch-36079","title":{"rendered":"Intel Corporation (NASDAQ:INTC) \u2013 Wait And Watch"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Intel Corporation (NASDAQ:INTC)<\/strong> had an almost flat session with a minor loss of 1.35% yesterday with the volume shrinking to 24 million against the daily average of 26 million. The stock is not going anywhere in the recent days as it has been stuck in a very small range of $32-$33 for more than 2 weeks.<\/p>\n<p style=\"text-align: justify;\">Intel Corporation (NASDAQ:INTC) has announced plans to partner with programmable ASIC maker eASIC for development of integrated products combining processing performance and customizable hardware for the purpose of meeting the increasing demand for custom computing solutions for \u201cCloud\u201d and the data centers. The two companies will jointly create custom Xeon CPU products that will be able to deliver up to 2x the performance acceleration of a solution with the help of FPGA for programmability. Security, big data\/analytics workloads, along with web &amp; cloud service providers remain the main targets.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/INTC.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\" size-full wp-image-36080 aligncenter\" src=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/INTC.jpg\" alt=\"INTC\" width=\"632\" height=\"467\" srcset=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/INTC.jpg 632w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/INTC-300x222.jpg 300w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/INTC-74x55.jpg 74w\" sizes=\"(max-width: 632px) 100vw, 632px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Customized chips that make a particular application or workload faster, are in great demand due to the tremendous growth of cloud computing. This provides an opportunity to eASIC to get a large market for its integrated eASIC platform technology with future Intel Xeon processors.<\/p>\n<p style=\"text-align: justify;\">According to some analysts, the entire step could acts as a hedge against Altera Corporation (NASDAQ:ALTR), reported acquisition target and already partner of Intel Corporation (NASDAQ:INTC) for creating solutions to put Altera FPGA and Xeon CPU in the same package. The intended clients include web\/cloud providers interested to use FPGAs to accelerate algorithm processing.<\/p>\n<p style=\"text-align: justify;\">Technically, the stock has managed to protect the upside possibilities after finding adequate demand from the long term support level around $29-$30 but the supply area in the band of $35-$36 must be overcome in a firm manner before the bulls can feel relieved. Investors can wait and watch a bit before taking an entry. Any dip towards $30 can be used as a good opportunity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intel Corporation (NASDAQ:INTC) had an almost flat session with a minor loss of 1.35% yesterday with the volume shrinking to 24 million against the daily [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3682,1900,3684,597],"stock_ticker":[],"class_list":["post-36079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-altera-corporation-nasdaqaltr","tag-intel-corporation-nasdaqintc","tag-nasdaqaltr","tag-nasdaqintc","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Intel Corporation (NASDAQ:INTC) \u2013 Wait And Watch - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, 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