- The 19% Y/Y Q2 sales growth posted by Intel's server CPU reporting group (an improvement from Q1's 11%) is sitting well with Mellanox (NASDAQ:MLNX) investors.
- So are Intel's CC remarks (transcript): The company said its server CPU unit witnessed "a richer product mix and ASP mix" (aided by the recent launch of new high-end Xeon E7 CPUs), that its HPC-related sales grew more than 15%, and that its Grantley server CPU platform (22nm Xeon E5) will launch later in Q3.
- Jefferies has upgraded Mellanox to Buy, and hiked its PT by $13 to $50. The firm expects a strong Grantley launch.
- Mellanox derives roughly half its revenue from HPC clients, and has previously said many HPC buyers are waiting for Grantley to arrive. Its Q2 results are due on July 24.