Forget Nvidia and Intel: This Stock Could Be the Biggest Winner of Their New Chip Launches
Nvidia and have both announced big news in recent weeks -- news that could result in rising revenue from artificial intelligence (AI) customers. Nvidia, the world's biggest AI chip company, plans to launch its Blackwell architecture along with its highest-performance chip ever later this year. And Intel will bring its new Gaudi 3 AI accelerator -- one that it says can outperform Nvidia's current chip H100 -- to the market in the coming months.
Nvidia's new products and services could ensure its leadership position, helping it hold onto its 80% AI chip market share. And Intel's Gaudi 3 may help it gain ground after falling behind earlier in the AI race. But the biggest winner of these major AI chip launches actually may be another company. This player benefits from demand for its own products as well as demand for the most popular chips, and that's helped earnings and share price to skyrocket in recent times.
Let's take a closer look at this AI stock that could continue to roar higher.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 25 Buy predictions and 11 Sell predictions.
With a target price of 42 € there is a positive potential of 46.29% for Intel Corp. compared to the current price of 28.71 €.
