Technology is one of my favorite sectors to follow; not just because of the trends we see in the sector, but because I happen to be a technology buff and enjoy watching human innovation drive stronger and stronger capabilities in several aspects. With that said, last week, Intel made history by announcing a new form of computer chip that's said to be far faster than anything we've ever seen before. Today, we'll discuss the details of this computer chip, how investors reacted, what we can expect to see moving forward, and how binary options traders can profit from the trends.
Intel Announces The Development Of 3D Xpoint
Intel, with the help of Micron Technology, has been researching and developing what is now known as 3D Xpoint, a new form of computer chip made with unique material compounds, for over a decade at this point. However, R&D is now over and the new technology will be available soon. The new computer chip is said to be up to 1,000 times faster than the current NAND chips used in the market and is “the first new memory category since the introduction of NAND flash in 1989”. To put the speed of this new memory chip into perspective, Intel had the following to say…
“If storage devices were sprinters, in the time it takes a hard drive to sprint the length of a basketball court, NAND could finish a marathon, and 3D Xpoint Technology could circle the globe!”
How Investors Reacted To The News
This is a major development in the technology space, and as we've come to expect, Intel stock climbed as a result of the announcement. On the day of the announcement, Intel saw gains of 2% in their shares. Since then, we've seen slow and steady gains in the stock as investors show their excitement in the new technology.
What We Can Expect To See Moving Forward
As a result of the 3D Xpoint Technology, I'm expecting to see incredibly bullish activity surrounding Intel. The reality I that the tech industry is one of the most profitable in the world at the moment. To find proof of that, just look at some of the biggest companies in the world… Apple, Google, Microsoft, and several others are all part of the technology sector. In the world of technology, speed is an incredible asset; and according to the announcement by Intel, they are likely to win the race! From here, we can expect Intel's new technology to be used in not only Intel computers, but to be licensed out to other technology companies for use in their devices as well. As a result, Intel should see massive profits that lead to massive gains in their stock price.
How Binary Options Traders Can Profit From The Trends
Keeping the new technology in mind, we know that Intel is more likely to see gains in both the near and long term futures than it is to see declines. As a result, binary options traders should be focusing on call options when trading the asset. When trading call options, your best bet is to wait for pull-backs in the value of the stock that bring the stock down to support. From there, we can expect strong momentum in the upward direction. So, when the value reaches support, binary options traders have the opportunity to profit by purchasing call options.
What Do You Think?
Where do you think Intel is headed and why? Let us know in the comments below