Will Intel's New Artificial Intelligence (AI) Chip Send It Soaring Past Nvidia?
Nvidia (NASDAQ: NVDA) is known as the world's top seller of artificial intelligence (AI) chips because its product has been unbeatable so far. The company makes the most powerful chip out there today, helping companies power the tasks of training and inferencing for their AI models. This has helped Nvidia's earnings soar in the triple digits last year -- and its share price followed, with an increase of more than 200% over the past year.
Meanwhile, rival (NASDAQ: INTC) hasn't fared as well. Lower personal computer demand in recent times has weighed on revenue. On top of this, Intel fell behind in the artificial intelligence (AI) chip race. All of this has left its shares trading at half their 2020 level.
The tide may be about to turn, though, as Intel ramps up its AI portfolio. Just this week, the company announced its new AI chip Gaudi 3. Can this new product send Intel soaring past Nvidia?
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 23 Buy predictions and 12 Sell predictions.
As a result the target price of 38 € shows a positive potential of 32.54% compared to the current price of 28.67 € for Intel Corp..
