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?

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Source Fool.com