AMD Shares Surge, Intel Is Down, Vulnerability & 5-30% Performance Loss Remain
- MarketWatch claims Intel was made aware of the vulnerability on June 1, which may draw attention to the matter from regulatory officials.
- Business Insider said a representative for the Securities and Exchange Commission declined to comment on the matter.
- Intel said that it’s working with others such as AMD and ARM to solve this issue
- Microsoft releases emergency patches to address Meltdown and Spectre vulnerabilities affecting most current processors
- Intel’s CEO, Brian Krzanich, also sold $39 million in stocks in November 2017
- Investigation Ongoing on behalf of Intel Corporation investors
- ARM Holdings has added a security update to its website
- Nvidia also issued a statement regarding the vulnerabilities
(Updates: Up to AMD +9.7% AND Intel -6.3% Fluctuation) and is still going on. Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD) shares fluctuating after a report from The Register came out alleging that an Intel processor chips with security flaw forced redesigning of Linux and Windows kernels. Errors that existed for a long time. Right now Linux programmers and Microsoft are working on a fix with Microsoft and they expected to release the Windows change through a Patch Tuesday. Apple’s 64-bit macOS will also need an update based on the report and this flaws.
Intel‘s statement says the exploits are not caused by a “bug” or a “flaw”. Intel noted that the exploits can “gather sensitive data from computing devices that are operating as designed.” When these vulnerabilities became known? Well some claim that Meltdown-type attacks have been a known entity since 2010 and these points may go and be challenged in court. The fixes will throttle the performance of Intel products. The Register reports that the “effects are still being benchmarked,” but estimates a slow down of 5% to 30%. Newer Intel chips will fare better. Intel shares are down 6% and AMD shares are up about 8% and the extreme fluctuation continues.
The British tech website Register reported Tuesday that some Intel processors have a “fundamental design flaw” that will spur a significant security update of Linux and Microsoft Windows operating systems to work around it. Shares of AMD were up 6 percent Wednesday, while Intel’s stock declined 2.5 percent
“Programmers are scrambling to overhaul the open-source Linux kernel’s virtual memory system,” the report said. “Crucially, these updates to both Linux and Windows will incur a performance hit on Intel products.”
The new vulnerabilities that impact processors from the leading vendors
While reports initially came out two days ago that Intel’s processors are susceptible to a new hardware-based bug that cannot be patched with a mere microcode update. The report was mainly on the Register stating that incoming Windows and Linux patches would correct the vulnerability but come with a 5-30% performance loss depending on the workload.
The industry remained silent due to NDAs that were scheduled to expire on January 9, the same date as a round of patches were scheduled to appear. After a day of silence while its stock slumped, Intel issued a statement and claimed the issue is not a hardware bug. Intel also announced that it’s working with other giants of the industry, such as AMD and ARM to “develop an industry-wide approach to resolve this issue promptly and constructively.” AMD has since released a statement and claimed that it has minimal exposure to the primary vulnerability. The root issues behind the vulnerabilities weren’t defined at the time, along with Google’s Project Zero team, have shed light on two new exploits that have served as the catalyst for the recent developments.
The legal ramifications of these developments are potentially troublesome for the people involved. The Law Offices of Howard G. Smith has already announced an investigation on behalf of Intel Corporation investors, and there will likely be more similar developments in the coming weeks.
Google’s Project Zero touched off the vulnerability scare when it discovered that it could access data held in the protected kernel memory through two exploits that are now known as Meltdown and Spectre. Google does not believe these exploits have ever been used in the wild, but it’s impossible to tell if they have or not. Researchers have been able to execute a Meltdown exploit only on Intel processors, although ARM has submitted patches to protect itself from the same method of attack. ARM Holdings has added a security update to its website that outlines its exposure to the vulnerabilities, and like Intel, it is susceptible to all three variants.
Nvidia also issued a statement regarding the vulnerabilities:
Nvidia’s core business is GPU computing. We believe our GPU hardware is immune to the reported security issue and are updating our GPU drivers to help mitigate the CPU security issue. As for our SoCs with ARM CPUs, we have analyzed them to determine which are affected and are preparing appropriate mitigations.
Tags: technology, finance, AMD, Intc, amd vs intel, intel chip flaws, intel stocks down, amd stocks up, amd intc, amd stocks, intc stocks
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