Why NVIDIA Investors Should Be Wary of Intel's GPU Dreams
Intel (NASDAQ: INTC) recently set its sights on NVIDIA (NASDAQ: NVDA) with two big moves into GPUs. First, it partnered with AMD (NASDAQ: AMD) to integrate the latter's Radeon graphics into a new chipset for laptops. Second, it formed a new Core and Visual Computing Group, led by AMD's former Radeon chief Raja Koduri, to develop its own discrete GPUs.
This threatens NVIDIA in two ways. First, Intel chipsets with integrated Radeon graphics could hurt NVIDIA's push into mobile GPUs. Second, new discrete GPUs from Intel could break NVIDIA and AMD's duopoly in the add-in board market. Let's take a closer look at Intel's GPU efforts, and why NVIDIA investors should pay close attention.
Image source: NVIDIA.
Source: Fool.com
NVIDIA Corp. Stock
€122.74
1.770%
Currently there is a rather positive sentiment for NVIDIA Corp. with 169 Buy predictions and 7 Sell predictions.
Based on the current price of 122.74 € the target price of 831 € shows a potential of 577.04% for NVIDIA Corp. which would more than double the current price.
