Intel, NVIDIA
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Since OpenAI released its advanced AI chatbot ChatGPT back in late 2022, Nvidia's market capitalization has climbed tenfold to become the world's first $4 trillion company. Palantir shares have performed even better, climbing over 22x in the same period.
Intel (INTC) shares have been shocked back to life following massive investments by the U.S. government, SoftBank Group (SFTBY)(SFTBF) and now today's $5B deal by the world's artificial intelligence chip leader Nvidia (NVDA).
Though most analysts view artificial intelligence as a game-changing opportunity, not everyone on Wall Street shares in this optimism.
Intel stock surged after announcing partnership with Nvidia to co-develop custom chips, signaling a new front in AI race.
Shares of Nvidia rose 2% to $175.74 in early trading after falling 2.6% on Wednesday, when reports emerged that China had banned its largest technology firms from buying Nvidia’s artificial-intelligence chips.
Investors seeking long-term growth should focus on companies building infrastructure and platforms powering the AI economy.
Huawei Technologies Co. unveiled its latest solution to bundle more AI chips together and boost computing power in a bid to challenge Nvidia Corp.’s technology.
Nvidia is in the middle of the US trade war with China, and as the conflict progresses, it is finding its position in China's huge market increasingly troubled.