Cavium ThunderX Brings Battle To Intel ‘Doorstep’

By | June 3, 2014

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Cavium (CAVM) on Tuesday announced a new ThunderX line of chips, but the company is targeting more markets than expected and its stock fell. “While we, like many investors, expected the announcement to be centered on server applications, the company surprised us with multiple product categories,” wrote William Blair analyst Anil Doradla. Cavium stock was down nearly 2% in afternoon trading in the stock market today, near 47.50. Cavium stock Scalper1 News

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