Sumo Logic Inc
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Company profile

Sumo Logic, Inc., is a machine data analytics company. The Company’s intelligence platform enables organizations to find the solutions through digital transformation, applications, and cloud computing. Its Intelligence Platform also enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and Internet of things (IoT) data. Its Intelligence Platform leverages artificial intelligence and machine learning capabilities and is provided as a multi-tenant cloud service that allows organizations to deliver applications and digital services, protect against security threats, and its business processes in real time. This allows employees across the lines of business, development, information technology (IT), and security teams with the data and insights needed to address the technology and collaboration required for business.

Closing Price
$30.72
Day's Change
-0.30 (-0.97%)
Bid
--
Ask
--
B/A Size
--
Day's High
31.50
Day's Low
29.66
Volume
(Average)
Volume:
988,343

10-day average volume:
1,011,314
988,343

UPDATE: Intel stock drops 6% after report of Microsoft developing its own chips

4:14 pm ET December 18, 2020 (MarketWatch)
Print

Intel Corp. shares closed down Friday following a report that Microsoft Corp. was developing in-house chips for its servers and Surface PCs. Intel (INTC) shares closed Friday down 6.3% at $47.46, while shares of Advanced Micro Devices Inc. (AMD), which also makes CPUs, closed down 1% at $95.92. Microsoft (MSFT) plans to develop a chip using Arm Holdings PLC designs for its data centers, and is exploring using another chip to power its PCs, Bloomberg reported on Friday (https://www.bloomberg.com/news/articles/2020-12-18/microsoft-msft-is-designing-its-own-chips-in-move-away-from-intel-intc). In September, Nvidia Corp. (NVDA) offered $40 billion to acquire Arm from Softbank Group Corp. Nvidia shares closed down 0.5% at $530.88. Microsoft shares finished down 0.4% at $218.59. In November, Apple Inc. (AAPL), which had been relying on Intel chips until recently, released computers using in-house designed chips (https://www.marketwatch.com/story/apple-rolls-out-new-macs-with-custom-chip-as-it-moves-away-from-intel-11605038457).

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

December 18, 2020 16:14 ET (21:14 GMT)

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