Intel Corporation (NASDAQ:INTC)
Intel Corporation (NASDAQ:INTC), is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things.
Intel Corporation News Update:
Intel® Scalable System Framework and Intel® Omni-Path Fabric Drive Expanded Use of HPC Systems to More Industries, Workloads
Intel Corporation declared several advancements to its Intel® Scalable System Framework (Intel® SSF) that promise to bring high performance computing (HPC) capabilities and benefits to more industries and new workloads. As a foundational element of the Intel SSF, Intel introduced the Intel® Omni-Path Architecture (Intel® OPA), a new HPC-optimized fabric technology that makes the performance of HPC clusters more accessible to a broader variety of users.
Once reserved only for governments and academia to solve the most complex computational problems, like genome sequencing and climate research, HPC is transforming more industries with new workloads such as big data analytics. More and more, traditional sectors, like healthcare and financial services, are demanding supercomputer-like capabilities to gain real-time insights from increasingly large and complex data sets. As Intel innovations expand HPC capabilities and lower the barriers to adoption, it predicts HPC will become mainstream.
“We’re entering a new era in which supercomputing is being transformed from a tool for a specific problem to a general tool for many,” said Charlie Wuischpard, vice president and general manager of HPC Platform Group at Intel. “System-level innovations in processing, memory, software and fabric technologies are enabling system capabilities to be designed and optimized for different usages, from traditional HPC to the emerging world of big data analytics and everything in between. We believe the Intel Scalable System Framework is the path forward for designing and delivering the next generation of systems for the ‘HPC everywhere’ era.”
Intel SSF is an advanced architectural approach designed to enable more scalable, flexible and balanced HPC systems. Intel SSF will assist to simplify the procurement, deployment and administration of HPC systems, broadening the accessibility of HPC to more industries and workloads such as data-driven analytics, visualization and machine learning.
Cloudian, Intel And QCT Bring Petabyte-Scale Object Storage To Market
Cloudian, Inc., declared that it is working with global data center solution provider QCT (Quanta Cloud Technology) to deploy HyperStore smart data storage software to bring object-based storage to QCT’s customers. QCT will integrate HyperStore software in its storage appliances, powered by Intel architecture, offering customers the business and operational advantages of hyperscale, software-defined object storage with full AWS and S3-cloud compatibility.
The addition of Cloudian HyperStore software to its portfolio expands QCT’s data center solutions for service providers, enterprises and content providers. Cloudian HyperStore supports multi-tenancy, peer-to-peer scaling and seamless, policy-rich data administration from on-premises infrastructure to any S3-compatible public cloud, making it the ideal object storage solution for highly distributed, hyperscale computing environments.
“Providing a full spectrum of innovative, enterprise-grade compute, network and storage infrastructure is a cornerstone of our growth strategy,” said Mike Yang, general manager, QCT. “As more and more IT organizations identify object storage as critical to a software-defined data center, we selected Cloudian HyperStore as a technology partner to bring massively scalable, fully integrated cloud storage to our customers.”
Based in the Silicon Valley, Cloudian is the leader in software-defined smart data storage. Our flagship product, Cloudian HyperStore®, is an S3-compatible storage platform that enables service providers and enterprises to build reliable, affordable and scalable hybrid cloud storage solutions.
Shares of Intel Corporation (NASDAQ:INTC), inclined 0.47% and is at $32.26 in the Real-Time trading session. The firm opened its current trade at $32.15. The total volume traded for the day is 3.86M shares, as compared to its average daily volume of 28.52M shares. The stock is floating in a range of $32.01 - $32.37. The stocks hold the market capitalization of $152.14B.
The mean estimate for the short term price target for Intel Corporation (NASDAQ:INTC), stands at $34.95 according to 37 Analysts. The higher price target estimate for the stock has been calculated at $40.00 while the lower price target estimate is at 24.00.
Analysts mean recommendation for the stock is 2.40. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
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