Posted 1/10/2024, 1:05:00 PM
Nvidia Positioned to Dominate AI Hardware Market, Crushing Intel's Growth
- Nvidia dominates the GPU market, positioning it perfectly to benefit from AI growth. Revenue and earnings surged in 2023 on strong data center (AI) sales.
- Intel struggled in recent years but is now venturing into GPUs and releasing new AI hardware to challenge Nvidia. Early signs of a turnaround are appearing.
- Nvidia's projected 96% stock growth over 2 years crushes Intel's 42% growth. EPS estimates for 2024-2025 are $24 for Nvidia and $3 for Intel.
- Nvidia is in a much stronger position currently as the leader in AI hardware. Its growth prospects are far better than Intel's.
- Nvidia is the clear "better AI stock" right now thanks to its dominance and vastly superior projected growth based on earnings forecasts.