- Intel (NASDAQ:INTC) shares slid yesterday after Nvidia announced its first data center CPU, but Citi analyst Christopher Danely doesn't expect the new Grace CPU to gain much traction due to the "limitations of Arm-based processors."
- Danely continues to say the "lack of a high quality software ecosystem" for Arm servers "will prevent them from being a threat."
- Citi maintains a Neutral rating on Intel.
- Intel shares are up slightly pre-market to $65.75.
- Intel CEO Pat Gelsinger said yesterday that the company is in talks with auto chip makers to provide foundry services amid the global chip shortage.