Nvidia Is Doubling Its Pace of Innovation: Will It Leave Challengers in the Dust?
One of the key debates in the artificial intelligence (AI) industry right now is whether or not Nvidia (NASDAQ: NVDA) will hang onto its first-mover advantage and dominate the AI space for years to come. Given that Nvidia's stock has more than tripled this year and trades at over 111 times earnings, that's a key question among semiconductor investors heading into earnings season.
Nvidia's would-be competitors have made some progress announcements on their AI roadmaps, including Advanced Micro Devices (NASDAQ: AMD) announcing its MI300 accelerator chip in June, as well as Intel's (NASDAQ: INTC) promotion of its new Gaudi AI accelerators. And each is enlisting large cloud companies to adopt a more open-source software approach as an alternative to Nvidia's expensive closed-source, vertically integrated CUDA software ecosystem.
But did anyone think Nvidia wouldn't respond in kind? CEO Jensen Huang just published a presentation that laid down a new gauntlet on these would-be challengers.
Source Fool.com
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