Thursday, the American multinational corporation and technology company, Intel Corporation, widely recognized as Intel showed an optimistic forecast that exceeded Wall Street’s expectations for the fourth quarter of 2017 on the asset of data center sales. According to the forecast, Intel stock climbed approximately 3.8% to $47.06, which was buoyed by a 10% quarterly rise.
These gave investors and analysts the gesture that Intel is succeeding in restraining fallout from the recent security flaws which occurred on the first week of 2018. Spectre and Meltdown, were the security flaws that created a worldwide concern among technology users, these security flaws are focused on attacking a smartphone, desktops or even laptops’ chips allowing hackers to steal data from a user’s gadget.
In accordance to this, Bob Swan, Chief Financial Officer of Intel Corp mentioned in an interview that Intel Corp perceives no major impact on corporate earnings from the vulnerabilities given by Spectre and Meltdown. In addition, Fund Manager at Synovus Trust: Daniel Morgan added that even though there has been concerns and disappointments from the recent security flaws, the robust data center sales forecast indicated an optimistic and strong quarter for Intel. Synovus Trust holds Intel Corp shares.