Intel Corporation (NASDAQ:INTC) acquires deep learning company, will focus on next-generation …

Intel Corporation (NASDAQ:INTC) traded 12.57 Million shares on last trading day with closing price of $34.92. Company gross margin stands at 61.50% whereas its return on investment (ROI) is 13.60%. Stock value has moved between $24.08 – 35.63 in last one year. Analyst’s mean target price for Intel Corporation (NASDAQ:INTC) is $37.61 while analysts mean recommendation is 2.30. INTC EPS growth this year and EPS growth next year is 0.80%, 9.28% respectively. Intel Corporation (NASDAQ:INTC) has acquired Nervana Systems, a cloud based deep learning company for reportedly $400 million. Nervana will continue to operate independently and continue its development on the Nervana Neon deep learning framework, Nervana deep learning platform, and the Nervana Engine deep learning hardware. Intel will use the company’s IP on its own platforms like the Intel…


Link to Full Article: Intel Corporation (NASDAQ:INTC) acquires deep learning company, will focus on next-generation …