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@StickyRice：Intel data center weakness likely to continue into 2023, J.P. Morgan says Investment firm J.P. Morgan believes Intel’s $Intel(INTC)$ weak position in the data center is likely to persist for some time. Analyst Harlan Sur noted that overall demand for the data center should continue to grow this year, but the second-half of the year is likely to be stronger than the first, due in part to a bifurcation between high-performance compute and networking and general purpose compute and storage and memory. "...[L]ook for companies levered to data center trends to outperform across high performance compute and networking (Nvidia) (NVDA), Marvell (MRVL) and Broadcom (AVGO) while general purpose compute and storage/memory likely to see [first-half] weakness Intel (INTC), AMD (AMD) Micron (MU) and Western Digital (WDC)," Sur wrote in a note to clients. Sur added that cloud data center spending remained solid in 202, up an estimated 32% year-over-year, but growth is expected to slow down considerably to just 7% year-over-year in 2023. Intel's (INTC) continued troubles in the PC space are well-known by now, but Sur said that the Pat Gelsinger-led company has continued to make progress on excess inventories and hopes to have it under control soon. "For Intel, the team expects inventories to normalize between [third-quarter] and [fourth-quarter] as OEMs have taken the right actions to balance inventory with demand," Sur added. Additional attention will be on the company's recently launched Sapphire Rapids CPU server upgrade, however, Sur noted.

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What news/movements are worth noting in the market today? Any stocks to watch? \n2. What trading opportunities are there? Do you have any plans?\n🎁 Make a post here, everyone stands a chance to win Tiger coins!","image":"https://static.tigerbbs.com/cd8eaff2e99964ab7a80d92cc196fcd3"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Intel data center weakness likely to continue into 2023, J.P. Morgan says</p>\n<p>Investment firm J.P. Morgan believes Intel’s&nbsp;<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$&nbsp;</a><v-v data-views=\"0\"></v-v> weak position in the data center is likely to persist for some time.</p>\n<p>Analyst Harlan Sur noted that overall demand for the data center should continue to grow this year, but the second-half of the year is likely to be stronger than the first, due in part to a bifurcation between high-performance compute and networking and general purpose compute and storage and memory.</p>\n<p>\"...[L]ook for companies levered to data center trends to outperform across high performance compute and networking (Nvidia) (NVDA), Marvell (MRVL) and Broadcom (AVGO) while general purpose compute and storage/memory likely to see [first-half] weakness Intel (INTC), AMD (AMD) Micron (MU) and Western Digital (WDC),\" Sur wrote in a note to clients.</p>\n<p>Sur added that cloud data center spending remained solid in 202, up an estimated 32% year-over-year, but growth is expected to slow down considerably to just 7% year-over-year in 2023.</p>\n<p>Intel's (INTC) continued troubles in the PC space are well-known by now, but Sur said that the Pat Gelsinger-led company has continued to make progress on excess inventories and hopes to have it under control soon.</p>\n<p>\"For Intel, the team expects inventories to normalize between [third-quarter] and [fourth-quarter] as OEMs have taken the right actions to balance inventory with demand,\" Sur added.</p>\n<p>Additional attention will be on the company's recently launched Sapphire Rapids CPU server upgrade, however, Sur noted.</p></body></html>","htmlText":"<html><head></head><body><p>Intel data center weakness likely to continue into 2023, J.P. Morgan says</p>\n<p>Investment firm J.P. Morgan believes Intel’s&nbsp;<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$&nbsp;</a><v-v data-views=\"0\"></v-v> weak position in the data center is likely to persist for some time.</p>\n<p>Analyst Harlan Sur noted that overall demand for the data center should continue to grow this year, but the second-half of the year is likely to be stronger than the first, due in part to a bifurcation between high-performance compute and networking and general purpose compute and storage and memory.</p>\n<p>\"...[L]ook for companies levered to data center trends to outperform across high performance compute and networking (Nvidia) (NVDA), Marvell (MRVL) and Broadcom (AVGO) while general purpose compute and storage/memory likely to see [first-half] weakness Intel (INTC), AMD (AMD) Micron (MU) and Western Digital (WDC),\" Sur wrote in a note to clients.</p>\n<p>Sur added that cloud data center spending remained solid in 202, up an estimated 32% year-over-year, but growth is expected to slow down considerably to just 7% year-over-year in 2023.</p>\n<p>Intel's (INTC) continued troubles in the PC space are well-known by now, but Sur said that the Pat Gelsinger-led company has continued to make progress on excess inventories and hopes to have it under control soon.</p>\n<p>\"For Intel, the team expects inventories to normalize between [third-quarter] and [fourth-quarter] as OEMs have taken the right actions to balance inventory with demand,\" Sur added.</p>\n<p>Additional attention will be on the company's recently launched Sapphire Rapids CPU server upgrade, however, Sur noted.</p></body></html>","text":"Intel data center weakness likely to continue into 2023, J.P. Morgan says Investment firm J.P. Morgan believes Intel’s $Intel(INTC)$ weak position in the data center is likely to persist for some time. Analyst Harlan Sur noted that overall demand for the data center should continue to grow this year, but the second-half of the year is likely to be stronger than the first, due in part to a bifurcation between high-performance compute and networking and general purpose compute and storage and memory. \"...[L]ook for companies levered to data center trends to outperform across high performance compute and networking (Nvidia) (NVDA), Marvell (MRVL) and Broadcom (AVGO) while general purpose compute and storage/memory likely to see [first-half] weakness Intel (INTC), AMD (AMD) Micron (MU) and Western Digital (WDC),\" Sur wrote in a note to clients. Sur added that cloud data center spending remained solid in 202, up an estimated 32% year-over-year, but growth is expected to slow down considerably to just 7% year-over-year in 2023. Intel's (INTC) continued troubles in the PC space are well-known by now, but Sur said that the Pat Gelsinger-led company has continued to make progress on excess inventories and hopes to have it under control soon. \"For Intel, the team expects inventories to normalize between [third-quarter] and [fourth-quarter] as OEMs have taken the right actions to balance inventory with demand,\" Sur added. 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