NVIDIA presented its new processing unit called NVIDIA Grace. This means that in the future, the company might do without the products of Intel and AMD, while the merger of Arm Limited will make NVIDIA a monopolist of the processing units market. Further reading – in our article.
NVIDIA announced it was building a high-performance Arm-processor Grace for data processing center servers and AI computations. NVIDIA shares rose by almost 6%, while Intel shares dropped 4%. The GPU release is scheduled for 2023.
Intel reported the results of Q4 and the whole 2020. The financial performance got a positive market reaction: the stocks leaped up by over 6%. However, the words of the management about the perspectives dropped them by over 9%.
The S&P500 index fell again upon testing its historical maximums. The last two waves of declining were used by investors as a chance to buy with the aim to take at the start of the new ascending trend. However, as soon as the price reaches its record values, the buyers disappear and those who bought earlier lock in their profit, putting pressure on the index.