Cray (CRAY) stock is trading strongly higher after it was announced that University of Illinois’ National Center for Supercomputing Applications has struck a $188 million multi-year deal with Cray.
Cray will provide XE6 and XK6 models. These computers will incorporate Opteron CPUs from Advanced Micro Devices (AMD) and Kapler GPU from Nvidia (NVDA). Historically, Cray moves up on big announcements and then drifts down unless there is a short squeeze.
