"As Intel is a long-standing customer of AEM, this collaboration is expected to provide indirect benefits to AEM through increased demand and expanded product opportunities," says KGI.
KGI Securities has maintained its "buy" call and $2 target price on AEM Holdings after news that Intel Corp, its key customer, is receiving US$5 billion in investment from Nvidia Corp as part of a broader product partnership.
Under the agreement, Intel will design custom central processing units that power everything from smartphones and laptops to automobiles that are seamlessly integrated with Nvidia’s chips and systems across data centres and personal computers.
