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Intel Unveiled Its New Artificial Intelligence Chip -- Can It Compete With Nvidia?


The AI wars are starting to heat up.

Up until now, Nvidia (NASDAQ: NVDA) has dominated the market for AI chips with an estimated 98% share of the data center GPU market. However, Intel (NASDAQ: INTC) is now throwing its hat into the ring -- the company launched its Gaudi 3 AI accelerator on Tuesday.

According to Intel, the new chip is well-positioned to grab market share from Nvidia. Intel claims:

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Source Fool.com

Intel Corp. Stock

€28.51
-0.770%
Intel Corp. shows a slight decrease today, losing -€0.220 (-0.770%) compared to yesterday.
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 47.32% for Intel Corp. compared to the current price of 28.51 €.
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