Cray gains on Stifel launch; system with Nvidia GPUs announced

|About: Cray Inc (CRAY)|By:, SA News Editor

Stifel has launched coverage on Cray (CRAY +6.5%) with a Buy and $33 target. Shares have jumped in response.

Separately, Cray has launched the CS-Storm, an HPC/analytics accelerator system that supports up to 8 Nvidia (NVDA +0.8%) Tesla GPUs to go with 2 Intel Xeon CPUs. Cray claims the CS-Storm can deliver over 11 teraflops of performance per node, with 22 of them fitting on a standard 48U server rack.

The Tesla line has turned into a major growth driver for Nvidia, as adoption rates for GPU-based co-processors within HPC systems keep rising. Nvidia declared on its FQ2 CC (transcript) Tesla GPUs "now power the world's 15 most energy-efficient supercomputers as listed in the Green500 list." A solution pairing Tesla with ARM server CPUs was recently shown off.